Will El Salvador become the "Home of Bitcoin"?

[lalabotax]

to make it el salvador as the home of bitcoin, I don't think it's time yet, considering they're a small country, haven't been able to do much

Do you underestimate El Salvador? I cannot believe that you say El Salvador cannot do much to Bitcoin. For me, El Salvador just did a big thing for Bitcoin, even it will be recorded forever in history. How can you think it is not a big thing? Although El Salvador is a small country, doesn't mean they cannot do much for the existence or adoption of Bitcoin in the world. El Salvador is a country, they have the power to make Bitcoin growing significantly. Moreover, if the reputation of Bitcoin is going to be better day after day.

[BuNga_cute]

In my opinion, the real home of Bitcoin is from Satoshi himself. Wherever hole he was during the time he created Bitcoin, that is the “real home”. El Salvador was just making Bitcoin a legal tender, and doesn’t mean that it’s gonna be the “home of Bitcoin”.

I agree with your opinion mate, if we say el salvador is the home of bitcoin, maybe if satoshi heard about this post I'm sure he would not accept it, because el salvador has only known bitcoin in these 2 years, while bitcoin has been playing for more than 10 years , so no one will accept a small country, and new to bitcoin, making it a home for bitcoin..

El Salvador must be admitted to have the courage to legalize Bitcoin as a legal tender, but that does not mean El Salvador can be called
the home of Bitcoin. I don't underestimate El Salvador, I'm sure if the government of El Salvador does a lot of improvement in their country,
but it is very difficult for the state of El Salvador to exert great influence. Moreover, as you said El Salvador has not long known Bitcoin,
they are still inexperienced with Bitcoin, the government of El Salvador still has a lot to learn about the crypto world. But what El Salvador is
doing must have prompted other countries to think about accepting Bitcoin as well, but maybe other countries are still monitoring the development of
the El Salvador economy after accepting Bitcoin as a legal tender.

[NeverSop]

In my opinion, El salvado should not be called the "hometown" of bitcoin. bitcoin was not born with anything to do with El Salvado But the way they are friendly, trying to legally bid for bitcoin, it serves as a strong message of what they are "participating" in support to. confirm the effectiveness of bitcoin. That also makes a lot of sense. We shouldn't literally compare the matter too much, just support them to great success with bitcoin.

[bitterguy28]

to make it el salvador as the home of bitcoin, I don't think it's time yet, considering they're a small country, haven't been able to do much

Do you underestimate El Salvador? I cannot believe that you say El Salvador cannot do much to Bitcoin. For me, El Salvador just did a big thing for Bitcoin, even it will be recorded forever in history. How can you think it is not a big thing? Although El Salvador is a small country, doesn't mean they cannot do much for the existence or adoption of Bitcoin in the world. El Salvador is a country, they have the power to make Bitcoin growing significantly. Moreover, if the reputation of Bitcoin is going to be better day after day.

Not because they are the first country to approve Bitcoin as legal tender meaning they are doing Big for the crypto and for their own economy .

Not because of them being recorded as first bitcoin country it will stand to favor them Highly.

El salvador is one of the troubled country so they are not expected to be working high that fast.

[btc78]

In my opinion, El salvado should not be called the "hometown" of bitcoin. bitcoin was not born with anything to do with El Salvado But the way they are friendly, trying to legally bid for bitcoin, it serves as a strong message of what they are "participating" in support to. confirm the effectiveness of bitcoin. That also makes a lot of sense. We shouldn't literally compare the matter too much, just support them to great success with bitcoin.

China once to be the Most mining country that produced Bitcoin but at any chance they are not being named as "Bitcoin Home"
and there are none who had that Title though some tries to name Singapore as Bitcoin Safe haven.

I think lets see in the future once we find where the Miners transferred their Mining operations since China had already having a Banning issues.

to make it el salvador as the home of bitcoin, I don't think it's time yet, considering they're a small country, haven't been able to do much

Do you underestimate El Salvador? I cannot believe that you say El Salvador cannot do much to Bitcoin. For me, El Salvador just did a big thing for Bitcoin, even it will be recorded forever in history. How can you think it is not a big thing? Although El Salvador is a small country, doesn't mean they cannot do much for the existence or adoption of Bitcoin in the world. El Salvador is a country, they have the power to make Bitcoin growing significantly. Moreover, if the reputation of Bitcoin is going to be better day after day.

I think it is not about how Big or Small the country is but it is about their Economy on how they can handle this kind of adoption .

[hardiksoni966]

Bitcoin may be dropping right now, but the interest in the coin has risen significantly in El Salvador since the President declared it legal tender. But will this lead to people heading over to live in the country? It certainly seems as though this is one of the aims of the move.

[hichamito37]

The El Salvador government has created a great opportunity to make bitcoin a legal tender and use it as fiat in the country.This will be the premise for other countries to consider and accept bitcoin. make bitcoin more popular globally. But not because of that, El Salvador became the "homet of bitcoin". Bitcoin is decentralized, and Satoshi created bitcoin to want bitcoin to become a global currency.

[Scarlett7777]

El Salvador is now the first country in the world to embrace Bitcoin as legal tender. This is good news for Bitcoin and cryptocurrency in general, because it increases mainstream adoption and demand like skyrocket. China's recent crackdown on Bitcoin, could force miners to move to other countries with a friendly stance towards it. El Salvador could see an increase in miner's interest as China and other restrictive countries lose luster in the world of crypto. Of course, the impact won't be that much because El Salvador is a third-world country. Yet, it's something better than nothing.

What are your thoughts? Do you think El Salvador will become the "Home of Bitcoin"? If not, why? Will other countries adopt Bitcoin as legal tender in the future? Or is it still too early to tell? Why do you think developed countries haven't done such a move yet? Your input will be greatly appreciated. Thanks.

I really hope that apart from here, there can be an offline Bitcoin pilgrimage site, where there is the stone statue of Mr. Nakamoto we imagined, there is also an international exhibition hall, there is a blockchain museum, a Bitcoin hotel, and a Bitcoin airport. Bitcoin Restaurant, Bitcoin Bar, Bitcoin Bookstore, Bitcoin International Convention and Exhibition Center, Bitcoin Entrepreneurship Center, to create a Bitcoin kingdom. Bitcoin enthusiasts from all over the world can travel there, make friends, and start a business. What a wonderful place it is.

[amihada]

don't be happy, it's true that elsavador country has legalized bitcoin but how long have they legalized bitcoin?
they quickly came to the conclusion that legalizing bitcoin in their country did not rule out the future of bitcoin in their country by quickly banning bitcoin.

[Abiky]

I believe everyone should also start researching on what Singapore, or Switzerland might be planning for Bitcoin and cryptocurrencies. Both of these countries are banking industry giants because of clean governance, and a network formed with other countries through Free Trade Agreements, which opens the opportunity for foreign investments.

Bitcoin is the next evolution of money. I believe the same trade agreements will be developed and implemented in both of these countries, and I believe they will be the leaders in the cryptocurrency industry. El Salvador as a country will never prosper because the government is corrupt.

El Salvador is a small country whose population consists mostly of poor people. Being a third-world country, I don't think it'll have much of an impact over Bitcoin's demand on the market. We should be able to see more countries join the game as Bitcoin becomes more popular over time. The more countries adopt Bitcoin as legal tender, the higher the price (and demand) will be.

Whenever El Salvador will become the "Home of Bitcoin" or not, will greatly depend on how many companies move their operations there. The China ban will force miners and companies to look for other countries with a friendly regulatory stance towards Bitcoin. As far as I know, El Salvador is not the only country that has signaled its support for Bitcoin. Japan is another country that has shown its willingness to embrace crypto/Blockchain tech for its own benefit. No matter which country adopts Bitcoin, all that matters is decentralization. As long as Bitcoin is able to remain as is, nothing else matters. Just my opinion

[tiCeR]

The El Salvador government has created a great opportunity to make bitcoin a legal tender and use it as fiat in the country.This will be the premise for other countries to consider and accept bitcoin. make bitcoin more popular globally. But not because of that, El Salvador became the "homet of bitcoin". Bitcoin is decentralized, and Satoshi created bitcoin to want bitcoin to become a global currency.

But El Salvador would then be at the whims of global policy makers and markets. Yes one country has to make the first step, but what happens if they collect their whole taxes in Bitcoin for one year and then Bitcoin drops by 30%? It is possible that El Salvador once to speculate with Bitcoin, but it could go wrong as well.