44 Countries Will Meet in El Salvador for Bitcoin. What's the purpose?
The interest in cryptocurrencies around the world is quite high and many countries want to adopt Bitcoin more. But many countries are afraid to enter the crypto market because they do not have enough knowledge about cryptos. On the other hand, the number of people participating in the crypto market is increasing day by day and countries know that it is not possible to escape from crypto. That's why many of them want to enter the crypto market and are very curious about how the system works. That's why many countries are looking for ways to adopt cryptocurrencies more and enter the crypto market.
El Salvador President Nayib Bukele tweeted today that 44 countries will meet in El Salvador to discuss Bitcoin tomorrow.
Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country.
Tomorrow's meeting will feature 44 countries including Nigeria, Egypt, Pakistan, Paraguay, Bangladesh, Kenya, Uganda, Rwanda, Nepal, Angola, Guinea and Madagascar. These countries want to learn how decentralized assets work in a country. In short, I think they want to know more about the crypto system and digital assets.
Many countries and many giant companies are aware that the crypto market will grow much more in the future, but they are afraid of a decentralized structure. It will not be easy for the central authority to accept or understand the decentralized structure. But they have no chance of escaping it either. They will either exist in this market or miss future opportunities. But they also know that one way or another they have to be in this market in the future. That's why they're on a quest to learn more about cryptos.
It is not easy for a country to enter the crypto market and adapt to cryptos, but on the other hand, I think the countries that join first will be the most profitable. If they do a good study and research, they will realize that the crypto market is full of great opportunities for them. What many people and countries fear most is undoubtedly extreme volatility. The crypto market is still in its early stages, so these volatilities are too much, but I think that as the participation in the crypto market increases, the volatility will decrease at the same rate.
I don't like the extreme volatility in the crypto markets either, but on the other hand, I think there won't be as many opportunities when the extreme volatility decreases. I also think that volatility will decrease significantly in the future with the increase in participation. Regardless, I am optimistic about the future of the crypto market, they will become a part of our lives in one way or another. And early adopters will be several steps ahead in the future. What are your thoughts on this?
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https://twitter.com/rtonlinetv/status/1526175651354619904
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Most likely to amass information to push into their CBDCs. That is where governments want to enter digital assets.
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Yes, that's right, there are many of them working in this direction. Besides that, I think some of them want to be in the crypto market. I hear some countries are preparing to launch their own cryptocurrency.
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Interestingly we shared similar topic today lol...
I like the move by El Salvador, we might be seeing Bitcoin legalization rise before the years comes to an end, hopefully something positive comes out of these nations coming together.
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This was really interesting, we focused on the same topics :)
It's okay, different perspectives are always rich. I'll check your post soon.
Such meetings and discussions point to positive things for the future. Their approach to digital assets seems quite positive. It is also remarkable that this meeting took place in El Salvador.
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Yes lol, nice seeing our perspective on the topic. One way or the other there should be some positive from the meeting to impact Bitcoin positively.
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I hope positive things happen, also it will be more for their benefit. Bitcoin is already quite strong, if they want to get stronger, they should side with Bitcoin. 😆
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Exactly 💯 👌 Bitcoin needs no support it is strong to stand alone and nothing anyone can do about it
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When the number of whales increases in Bitcoin, everything will change, these fluctuations will decrease and it will be more difficult to own it.
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It is already difficult for me to own, hopefully I get back to buying BTC again.
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Bitcoin is the cornerstone of the crypto market.
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I have a feeling it's because they can't get enough dollars and they want extra ways to feed money into their economic systems. At least the money coming in could easily make a difference in their countries compared to a place like Europe.
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I totally agree with you, this is very true. For financial freedom, digital assets and cryptocurrencies provide advantages to everyone.
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