El Salvador Adopts The Bitcoin Standard (Breaking News)

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In this video, I discuss the breaking news that El Salvador will soon recognize Bitcoin as legal tender, as well as adding it to its balance sheet. El Salvador is the first country in the world to move to the Bitcoin standard.

This is the beginning of an arms race, in which countries and central banks around the world move to acquire Bitcoin, thus further monetizing it.

Any developing country like El Salvador that moves from a US dollar standard to a Bitcoin standard is able to remove itself from being collateral damage of Federal Reserve monetary policy.

As Bitcoin becomes recognized as an official foreign currency, its tax treatment may also become more favorable around the world.

The future is already here-- it's just not evenly distributed.

Not investment advice! Consult a financial advisor.

El Salvador Plans Bill to Adopt Bitcoin As Legal Tender:
https://www.bloomberg.com/news/articles/2021-06-05/el-salvador-plans-bill-to-adopt-bitcoin-as-legal-tender-cnbc

US Dollar System Is Crumbling:
https://www.youtube.com/watch?v=NS5dwtsD66Y

El Salvador Diario on Bitcoin:
https://pbs.twimg.com/media/E3LLY0KXEAMRbZG?format=jpg&name=medium

The president of El Salvador has laser eyes:
https://twitter.com/nayibbukele

Japan recognizes Bitcoin as legal tender:
https://www.sygna.io/blog/japan-crypto-regulation-history-2014-2020/#:~:text=2016%3A%20Japan's%20PSA%20recognizes%20Bitcoin%20and%20crypto%20as%20legal%20tender&text=The%20laws%20established%20cryptocurrency%20like,VCEPs)%20to%20register%20with%20authorities.

Bitcoin's economic benefits to El Salvador:
https://twitter.com/nayibbukele/status/1401335885497524226

Jack Mallers and El Salvador:
https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html

Strike and Jack Mallers:
https://www.youtube.com/watch?v=1fndbABsSOY&ab_channel=TraderUniversity

Caitlin Long's thread on Bitcoin being recognized as a currency:
https://twitter.com/CaitlinLong_/status/1401334421773504517

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#ElSalvador
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