This is an interesting case I hadn't thought about.

El Salvador did it first. But now that there is a nation that has established bitcoin as legal currency, I wonder if that magnifies it in the eyes of countries with failing currencies. We're going to see plenty of countries need to make big decisions in the near future about which currency or currencies to migrate to.

I wonder if the Bitcoin option starts to look more realistic for these nations that will need to yolo into something and pray.

https://bitcoinmagazine.com/culture/with-return-of-zimbabwe-inflation-bitcoin-adoption-will-stick?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share

#finance #macro #bitcoin #currency