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Can Bitcoin as Legal Tender Reshape a Nation's Economy? Lessons From El Salvador

Benzinga ·  Dec 31, 2024 22:26

When El Salvador brazenly adopted Bitcoin as legal tender in 2021, it straightaway became a kind of lodestone that generated debate about the cryptocurrency's role in shaping a nation's economic future. As the first country to take such a daring leap, El Salvador found itself in the global spotlight—a guinea pig for what many considered a revolutionary monetary experiment.

I've been following El Salvador's experiment since day one because it presented a unique opportunity to observe how national policies influence cryptocurrency adoption, something I've been closely tracking as the founder of Outset PR. Now that...

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