Why El Salvador Making Bitcoin Legal Tender Is Bound To Cause A Domino Effect

The first domino has fallen, and Bitcoin game theory is in motion.

The Bitcoin community has heard constant push-back since its inception. It started with that no one uses the cryptocurrency to that only small businesses has it on their balance sheet. Over the past year, the pace of adoption has been accelerating, and now large corporations hold it on their balance sheet and finally the first country. The 7th of September 2021 will go down in history as the day a country accepted Bitcoin as legal tender. El Salvador has a young president that understands where the world is going while having a good grasp of technology.

That El Salvador would take control of the steering wheel and start a movement in Latinamerica was not expected a couple of years ago, but here we are, and it looks like other countries in the region are bound to follow suit. El Salvador has put the “Bitcoin Game Theory” in motion and has asked questions to other countries in the region. Let’s dive deeper into why that is fundamental.

The Domino effect provides neighboring countries with two options

Neighboring countries in Latin America will look at El Salvador with high interest and…