Multiple countries may adopt BTC as legal tender

Bitcoin might become a legal tender in three more countries in 2022, following the example of El Salvador, which put Bitcoin on par with the US dollar in September 2021.

We have already mentioned how Nayib Bukele has been posting predictions about Bitcoin and said that two more countries will adopt it as a legal tender. Seems like he was right: a lot of developing countries are dependent on the developed world’s currencies, such as the US dollar. By making crypto a country’s legal tender, these countries gain more independence from other economies.

Experts agree that this year El Salvador’s move might be mirrored by Panama, Paraguay, Guatemala, and Honduras. Will BTC become a legal tender in more countries? Time will tell.

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