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Tuesday, December 14, 2021 11:16:42 AM
“Perhaps the biggest concern, however, is that it exposes a population with little financial education – for the most part, without an economic safety net – to the fate of the highly volatile cryptocurrency markets.”
“The people from Bitcoin Beach explained the benefits and disadvantages [of receiving crypto-payments],” she said. “It changed my mentality to investing, but I wouldn’t keep too much money in Bitcoin. The price has gone up and down a lot recently.”
https://www.theguardian.com/world/2021/aug/30/scepticism-grows-in-el-salvador-over-pioneering-bitcoin-gamble
Will be interesting to see how many of these El Salvadorans will be converting their Bitcoins to less volatile AABBG gold backed tokens with their Spanish version of wallet once Exchange is launched.
https://www.fool.com/investing/2021/07/01/why-el-salvador-is-giving-away-30-in-bitcoin-to-al/
Will the El Salvadorans convert their bitcoins eventually to AABBG gold backed tokens for less volatility with gold backed and how about these environmental issues that world bank is worried about.
El Salvador made bitcoin a legal currency. Now it gets interesting
https://www.cnbc.com/video/2021/07/26/el-salvador-made-bitcoin-a-legal-currency-now-it-gets-interesting.html?
"Be fearful when others are greedy, and greedy when others are fearful."
_Warren Buffett
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