12-27-2021, 06:32 AM
What will happen to El Salvador in case of a bear market?
<!-- SC_OFF --><div class="md"><p>A whole nation which buy BTC as a national reserve, this has its advantages and disadvantages.</p> <p>So far they they were making profit, but let's say we hit a bear market at a certain moment in time (<em>I'm not to wake up bears in hibernation, I like bulls more, but just talking in theory</em>),</p> <p>what would happen to them? Do the people become poorer? And the economy over there, what could happen?</p> <p>I am a proud supporter of the idea of cryptocurrency and I see El Salvador as an great innovative yet social/govermental/ecology experiement. They are the first to make Bitcoin a legal tender and it is exciting to see what will happen there in 10 years after adopting crypto.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/derika22"> /u/derika22 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rp68xe/what_will_happen_to_el_salvador_in_case_of_a_bear/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rp68xe/what_will_happen_to_el_salvador_in_case_of_a_bear/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>A whole nation which buy BTC as a national reserve, this has its advantages and disadvantages.</p> <p>So far they they were making profit, but let's say we hit a bear market at a certain moment in time (<em>I'm not to wake up bears in hibernation, I like bulls more, but just talking in theory</em>),</p> <p>what would happen to them? Do the people become poorer? And the economy over there, what could happen?</p> <p>I am a proud supporter of the idea of cryptocurrency and I see El Salvador as an great innovative yet social/govermental/ecology experiement. They are the first to make Bitcoin a legal tender and it is exciting to see what will happen there in 10 years after adopting crypto.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/derika22"> /u/derika22 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rp68xe/what_will_happen_to_el_salvador_in_case_of_a_bear/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rp68xe/what_will_happen_to_el_salvador_in_case_of_a_bear/">[comments]</a></span>Kind Regards R