Ok, so we all know that El Salvador is kind of the poster child in many ways for crypto adoption.
Sadly, we also know that after YOLOing in, the crash came and the country has become a laughing stock among crypto haters.
The country is basically the equivalent of the outspoken crypto bro at a family gathering during a bear market. Non-stop comments about how it was a Ponzi all along from the relatives. ‘I knew it, I told you so, how’s that crypto going!’
For whatever reason, a lot of people hate crypto, even if it doesn’t affect them or their lives in anyway, it’s just a fact.
But, if the bull takes us to new heights like we all hope it will, will El Salvador come out smelling like roses?
I can imagine people on a local level would love it finally something would be pumping in their favour and it would actually incentivize many to actually understand crypto on a deeper level other than 'here’s some app wallet the government told me to install'.
But if this turned into a massive success for El Salvador, what kind of ripples could this have on other 3rd world countries, could it be a spark to take us to a new stratosphere? mass adoption in the places that need it most?
Or would a corrupt government still manage to find a way to squander it all and soil the reputation of crypto even more?
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