In a news we shared with you yesterday, September 7 history is very valuable to the crypto community as it is the first time a country will recognize Bitcoin as its official currency. we said. That country was El Salvador, which was struggling with economic problems. Despite all the unknowns about Bitcoin, the government has officially launched this cryptocurrency. Not that the account in the residence did not fit the bazaar.
On the first day that Bitcoin was accepted in El Salvador, there was a very important crash in Bitcoin. from 52 thousand dollars, the cryptocurrency suffered a sharp decline to $ 43 thousand. Although it recovered a bit later, the crypto currency unit, which was stuck at the level of 46 thousand dollars with the prestige of 15:30, is also the money in the pockets of El Salvadorans. priceless to lose caused. When this is the case, from all over the country protest news started to arrive.
The demonstrations that broke out in El Salvador also created an opportunity for the opposition. Opposition parties, who said that the government’s decision was strongly opposed, said that with the decline in Bitcoin, the country’s that $3 million is steam they claimed. In the statements made by Johnny Wright Sol; ” It was a very bad day for the El Salvador State Leader Nayip Bukele government and the Bitcoin experiment. The majority of the population knows very little about cryptocurrencies. What we do know is that the market is very volatile.. What happened today certainly showed that. The Bitcoin law was passed in Congress with almost no debate. It only took 5 hours to pass. We are not cryptocurrencies or Bitcoin enemies, but businesses have to accept Bitcoin for payment. should be we don’t think. The government supports these payments and assumes the risk, but at the end of the day, this money is us. from taxpayers pops up.“.
President of El Salvador Nayip Bukele also made a statement about the bet, ” We must break the paradigms of the past. El Salvador has the right to advance truth to the first world.” he said. For now, no one knows how the events will end, what kind of process awaits El Salvador. don’t know. . .