I discovered that it is the developing countries that are hungry to accept Bitcoin. They are also making their laws lenient on Bitcoin while some of the developed countries are not concerned about Bitcoin. Rather they are looking for means to starve bitcoin to death, by making or planning to make unfavourable laws for bitcoin and bitcoin mining.
Developed western nations don't fear for their economy and their national currencies the same way undeveloped countries do. You can't expect the British, Americans, or the Chinese to recognize BTC as legal tender as it will become a direct threat to their fiat currencies.
If we look back at El Salvador, they use the USD as legal tender because they don't have their own. Now they added BTC to the equation.
Namibia uses the Namibian Dollar which is basically a shitcoin. 1 NAD is 0.05 USD.
The francs used in Central African Republic are even worse and I am getting an exchange rate of 0.0015 USD for 1 CFA franc.
I consider it rather disturbing that humans can't sit to think for themselves especially when it come to this monetary sysoand rules placed by the government. Those fiat currencies are backed by government and all gains and profits goes back to them directly or indirectly.
Now talking bout, El Salvador, Namibian and also Central African Republic, it's not about adding Bitcoin, how well can they go after one year accepting Bitcoin, how well has it been utilize ? How many old timers has successfully jumped in Bitcoin real life utilization?
How many businesses are using as a means of payment ? That's all that matters really if you ask me.
I don't know how to get those data analysis of Bitcoin from El Salvador and Central African African Republic, it would be nice to see how they have been 6 months or a year with Bitcoin adoption.
It's also a good growth in a way, Government are too recalcitrant to stuff's like this, but they're loosened to it here, what I'm not comfortable with is the introduction of CDBC'S. Which they'll be forced to hold once government stop's circulation of them physical fiat.