El Salvador making Bitcoin legal is already having ripple effects. It is bigger than most people think.

Just a month after El Salvador announced they were making Bitcoin legal tender, the central bank of my country announced that they will be legalizing Bitcoin since it was now a currency of another country.

What's more is that now you have Panama, Ukraine, Belarus and a few other countries looking into adopting crypto. A sovereign country making Bitcoin legal tender is huge for global adoption. No matter how small El Salvador is, it still holds the same weight in the UN as let's say the US in terms of voting power.

Not only that, countries that rely heavily on remittances or have high inflation will be benefiting a lot from Bitcoin. In just 11 years of existence, Bitcoin has already become legal tender of a nation. It just proves that the cryptocurrency community has been right all along.