What many plebs don't seem to see is, Bukele pulled a pretty sick stunt on the IMF with very little compromise. It doesn't matter if Bitcoin goes from legal tender (must accept) to voluntary acceptance. EVERY business is already accepting Bitcoin. They aren't going to delete it from their PoS system or their phone because it's not mandatory.
Especially if someone has received Bitcoin since the 20k low. You'd be an idiot to not accept it after you gained 5x purchase power on your BTC.
Agree.
Removing cap gain tax >>> legal tender laws.
Plus, they get the loan to expoit the gold reserve they recently found, selliing it to pay back the loan and stabalising the Gold price in the process if they sell at steady regular intervals.
Or they could really go for it, store it and sell all at once.
Euther way it releases capital to their bticoin DCA.. 👍🏻
Bitcoin is opt in tech.
It never felt right forcing it on to merchants.
Ahem, every business is most definitely not already accepting BTC :p
Outside of select few areas, no one is using it.
Oh shit, I thought this comment was to a different not. I apologise.
I don't live in ES but I was under the impression that every business had to accept it as legal tender. Hence my notion.
That is the idea of a legal tender law yeah, but as far as I know it was widely ignored, and the law being ignored was also widely ignored.
