Nayib Buleke intends to make BTC legal tender in El Salvador

Hello lovely people of HIVE community. Hopefully you will be enjoying your life with good health and spirit. Friends, BTC observed remarkable pump and dump during year 2021. Coin started 2021 journey with a worth of 34,000 USD and on 14th April coin achieved all time high worth of 64,800 USD worth. However, FUD in market due to Musk series of tweet and China ban on crypto currency decreased coin worth to 28,000 which is the lowested recorded value of BTC in 2021.

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Coin is currently trading around 36,000 USD. There is still fear, uncertainity and doubt in the market as coin has current global capitalization of 680 Billion USD which at one stage was 1,100 Billion USD. During the tough time a good news breakout in the market.

El Salvador president Nayib Bukele intends to make BTC crypto currency legal tender in cournty. Talking to BTC world largest conference, Miami through video broadcast, President disclosed that he will move the legislation to congress next week.

Remember for legalization it needs backing of congress. If it accepted by congress, El Salvador will be first official country who adopt the digital currency officially. It would be used as a official currency alongside Dollar.

Mr. President said that it will help to boost economy which heavily relies on foreign remittances. Every year, country receive 4 billion USD in the form of remittances. Switching over digital currency will make remittances process quicker and easier which will not only beneficial for the nation but also for people.

It is a good news and it may help to provide bullish run to the king of coin which is under immense pressure during these days. I am hopeful the news will help to win the trust of investor and bullish run is certainly on card. Let's see how investor act.

Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.

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