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Super
@SuperDuperCycle
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🦸 Connoisseur and enjoyer of fine memes, crypto and stonks
Joined November 2022
RT @0xBiZzy: LMFAO I THOUGHT IT WAS A JOKE BUT JUSTIN SUN IS LEGIT THE PRIME MINISTER OF LIBERLAND 🤣😂🤣😂🤣😂 $LLD
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RT @W0LF0FCRYPT0: Dave Portnoy did it the right way He didn’t create a token He didn’t bundle the token He didn’t organize cabal laun…
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RT @gianinaskarlett: The reality is that 95% of memecoin traders lose it all because they trade like gamblers. I used to chase every new l…
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This is Nayib Bukele, one of the most prominent crypto advocates in the world and the president of El Salvador. He made history by making Bitcoin an official currency in his country, showcasing his commitment to innovation. This is his master plan for Bitcoin adoption and how it will change his country (and the world): Back in September 2021, El Salvador became the first country in the world to adopt Bitcoin as a form of payment. The government introduced a state-backed wallet and required every business to accept Bitcoin as payment. As an incentive, every citizen received $30 worth of BTC, but that was just the beginning of their story. Since adopting Bitcoin, the country has been actively investing in crypto, even purchasing 1 Bitcoin per day since November 2022 This strategy has amassed them over 6,000 BTC in holdings, worth almost $600 million at current prices Although their Bitcoin reserve has performed well, it wasn’t all smooth sailing, with El Salvador facing problems on the international level as well… Initially, the public was very skeptical about Bitcoin, leading to low adoption among businesses, even inciting protests among citizens… But the real problem was Bitcoin’s volatility. During the bear market, El Salvador’s holding lost more than 50% of its value, attracting a lot of criticism. The International Monetary Fund and World Bank warned El Salvador about Bitcoin’s instability, but Bukele remained bullish. In the end, it paid off… The country’s plan has attracted many foreign investments and positioned it as a hub for crypto and blockchain innovation. Bukele’s goal of reducing reliance on financial institutions and banks has been realized, while also bringing opportunities to their citizens Along with El Salvador, many other countries shifted their focus toward a blockchain-driven future coupled with strategic Bitcoin reserves. So far, El Salvador has proven that Bitcoin adoption pays off for the entire country. Do you think other countries will follow in their footsteps? Let me know what you think👇
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