“I think El Salvador is not only a country anymore, it’s a symbol of what bitcoin can do….
Bukele’s ambitions are big.
The head of the Central American Bank for Economic Integration also offered support this week, saying that it would give the country technical assistance to adopt the currency as legal tender though El Salvador continues to issue debt in U.S.
Alex Tapscott, managing director of Ninepoint Partners LP’s digital asset group, said the country has much to gain from the move, which could help it shift away from its dependence on the U.S.
While there is opportunity, some are more skeptical of the risks involved.
For a country like El Salvador, which does not have its own currency and has been dependent on the U.S.
“As I was saying a long time ago, our country needs to advance hand in hand with the new generation,” Rejala said on Twitter recently.
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