62. El Salvador on The Bitcoin Standard
The Bitcoin Standard Podcast
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Is El Salvador a Good Place to Start a Bitcoin Economy?
El Salvador is a country that now uses Bitcoin and US dollar, but we can say that it's a country that hasn't been printing its own money or some time. I think most likely it's the economic logic of people wanting to hold Bitcoin rather than spend it for as long as it is a small part of cash balances. The governments that don't have a senior age are more likely to hate Bitcoin; they're going to not see the funny side of the memes when they start coming across it. We can't really know how much of a lesson there is for the US or Europe or places that have relatively stable currencies. But El Salvador is an experiment directly applicable to European and advanced countries
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