Nationwide bitcoin adoption: Who’s next after El Salvador? 

Since El Salvador officially made bitcoin its legal tender, tons of questions have been asked which mostly revolve around its legality and economic impact. 

But with these seemingly endless questions, one of the most interesting ones that beg to be answered is: Who’s next? 

What nation would dare to make a bold move like what El Salvador did? 

In an interview with Delta-Fi, a show that focuses on crypto trends, a crypto analyst, who wishes not to be named, said that more countries would certainly follow El Salvador. 

For those doubting the U.S. dollar

According to the analyst, for nations who want to decrease their reliance on the U.S. dollar and desire to have a currency that cannot be manipulated, adopting bitcoin is a logical decision for them. 

The analyst, with a pseudo-anonymous “Crypto Messiah”, said El Salvador’s surprising and bold decision would create a domino effect that would bring confidence on other nations to follow suit. 

Blocking bitcoin

But the “Messiah” also said that there were risks to the Central American country’s move and that he’s worried that if bitcoin is proven to be a major threat to the dollar, the International Monetary Fund and other central banks would make a drastic move to block wider bitcoin adoptions. 

After all, there’s a lot at stake when the greenback loses its position as the most dominant currency in the world.  

The Messiah also asked: “Are they going to allow these nations to push forward into the future and find prosperity or are they going to come in and f**k things up?” 

 

Image courtesy of Cointelegraph News/YouTube

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