Does El Salvador Really Benefit Bitcoin?

Does El Salvador Really Benefit Bitcoin?

Bitcoin
September 8, 2021 by Editorial Team
42
Yesterday was a truly historic moment for both El Salvador and Bitcoin. A sovereign nation has adopted bitcoin as legal tender and recognized it as a money not treated or taxed as a capital asset. The entire path from the announcement in Miami to here has been somewhat haphazard, unclear at times, and met with
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Yesterday was a truly historic moment for both El Salvador and Bitcoin. A sovereign nation has adopted bitcoin as legal tender and recognized it as a money not treated or taxed as a capital asset. The entire path from the announcement in Miami to here has been somewhat haphazard, unclear at times, and met with a difficult to measure but undeniable push back from some of the people of El Salvador. But that was obviously going to be the case from the start. Bitcoin has never been put in a situation of this magnitude in its entire lifetime, and it’s still growing and evolving.



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