Oohhh, that makes sense. The Bitcoin infrastructure isn’t super strong yet so it seems like they’re literally riding the wave of bitcoiners = dumb & wealthy. I’ve been working with some people who aren’t necessarily bitcoiners they’ve been explaining the price uptick because they’re shocked themselves. It’s crazy how the banks/credit unions and car companies have been asking that the BTC gets converted so I can write a fiat check… which feels so wrong.
Discussion
El Salvador is still a dollar economy. Cash could get the prices down. no shame is using dollars to get a better price for you and your family
I think the shame comes from knowing that Bitcoin is an asset that’s more valuable than any home I could purchase so converting it for fiat that’s depreciating feels unwise. It’s especially disheartening knowing that this country is on a Bitcoin standard and they don’t understand what’s they’re asking. It feels irresponsible spending Bitcoin on over priced real estate. Idk …