We have all heard the stories of El salvadors President Nayib Bukele who announced that the country of El Salvardor is to adopt Bitcoin as legal tender in a broadcast at the Bitcoin 2021 conference in Miami, Florida on Saturday, this would make them the first country in the world to actually do so, creating one hell of a FOMO to all other nations.
The next day he talked about the advantages for crypto entrepreneurs coming to his country in a tweet. with Justin Sun quickly replying that crypto investors and businessmen would start moving to El Salvador.
https://twitter.com/nayibbukele/status/1401622548396314631?s=20
- nayibbukele
This will allow El Salvadorians living and working outside the country to send money home to their families as well as many other advantages this will have financially for the country.
This however is only partially why I believe we are about to see an #Outrageously massive Bitcoin adoption, starting with central American countries and working it's magic right around the World.
Some World leaders are already calling this an #Outrageous move, labelling the young El Salvadorian President as careless and stating that he Faces a Perilous Balancing Act. Lacking a legislative majority, and without the support of El Salvador's entrenched elites or the army.
What a load of desperate spin from those that are really starting worry, I call this payback FUD.
Panama, Paraguay, Brazil and Argentinian Politicians and lawmakers are now watching closely and plan on following El Salvador's lead in Bitcoin adoption as a legal tender in their countries.
The FOMO has already set in as World leaders desperate not to be left behind in the modern day Gold Rush Scupper to secretly follow suit.
Now is not a time to part with those prized Bitcoins believe me, over the coming days, weeks and months we are going to see exponential rises in all cryptocurrencies, thanks to the #Outrageous Bitcoin Domino Effect we are going to be lucky enough to observe an #Outrageous transfer of wealth not seen in a Millenia.
You would need to be crazy not to have something invested in cryptocurrencies with all of this going on. I say it's almost time to get your popcorn ready folks because this one show you do not want to miss.
The Bitcoin Domino Effect
I believe this is more than likely going to be a once in a lifetime opportunity for all crypto enthusiasts, HODLers and Investors once those domino's start to fall the price's will skyrocket and we will have missed our shuttle.
Now is a time to seriously start thinking strategically about your short, medium and long term financial goals, you may never again get another chance like this to claw back some wealth from the rich.
Personally I would suggest taking your BTC domino piece and putting it somewhere rather safe and not even think about it for a while, believe me your future self will thank you for doing it.
Because once the EU, Russia, China, Australia, North America and Canada make their moves it will become impossible to satisfy that burning global hunger, Satoshi's will 10Xs or maybe even 100Xs or 1000Xs
So saddle up those ponies and get ready for one hell of an adventure ride because the King of the Rodeo has just got started and it's headed your way like a runaway train.
Observation time has come and gone and once The move, if approved, would make El Salvador the first country in the world to formally accept cryptocurrency as legal money, how long after this do you think it will take for mass adoption around the Globe.
I wouldn't like to bet but think it will not take long not very long, I know which side of those domino's I'd prefer to be standing when they fall, what about you.
Addition Information Sources
https://stockhead.com.au/cryptocurrency/politicians-in-panama-brazil-argentina-and-paraguay-look-to-follow-el-salvador-on-bitcoin-adoption/
https://forextv.com/bitcoin-news/panama-to-join-el-salvador-and-paraguay-in-bitcoin-adoption/
https://cryptonews.com/news/el-salvador-paraguay-bitcoin-adoption-news-galvanizes-crypto-10588.htm
https://www.btctimes.com/news/laser-eyes-across-central-south-america