Tuesday, August 10, 2021 10:17:55 PM
Will gold backed tokens be the real answer?
“ After the dollarization, the country fast became submerged in hefty loans and external controls. In addition, remittances account for around 23 percent of the country’s gross domestic product. As a result, hundreds of thousands of already struggling lose out in transfer fees when money is sent from abroad to El Salvador. ”
“But with Bitcoin, we can teach them about money and saving long before that and give them opportunities, so they don't join gangs or end up in prison,” Alberto enthused. “Kids here can understand how to build a business and a better life with Bitcoin so that they don't want to flee to the US. It will be the United States coming here.”
https://nationalinterest.org/feature/can-el-salvador-solve-cryptocurrency-conundrum-191539
"Be fearful when others are greedy, and greedy when others are fearful."
_Warren Buffett
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