All this is more than interesting now, at a relatively tough period for Bitcoin market, where it is still slightly above $21,000, at a price that many be considered a discount. But, let’s move on to Simon Dixon’s statement.
Until today, we have probably heard about this only from the most far-sighted Bitcoin enthusiasts. And today it is Simon Dixon, a fairly well-known person who is perhaps more connected with the world of investment than with the political world surrounding BTC, who raises the bar in this regard. The hypothesis is relatively simple: El Salvador’s choice to make Bitcoin legal tender in the country may be the turning point that will lead, after a more or less long time, to a real revolution in the monetary system.
El Salvador – a well-thought-out strategy
“Betting on the country’s future, I believe, is an absolutely responsible and far-sighted strategy, while the International Monetary Fund wants countries to follow irresponsible strategies based on Ponzi schemes (this is about FIAT currencies).”
This is a strong position shared by every sane person, but which opens up many other considerations regarding the future of El Salvador and the need for Bitcoin to also be linked to political initiatives. And believe me, the crypto community will try to speak out after a while.
Bitcoin, states, monetary system
Bitcoin is, first of all, a revolution for a person who can thus become his own bank and participate in a monetary system based on precise and transparent rules.
We also believe that it is individuals who form communities, and that Bitcoin can become an unusual tool for exchange, economic growth and wealth preservation.
These are perhaps the two points often named by those who view Bitcoin as a strong instrument of freedom and liberation, which might never have appeared without the transition to the current monetary standard, no longer based on gold.
There is a lot to talk about, a lot to do and understand. And states don’t necessarily have to be part of that equation. On the contrary, they can interfere (and interfere to a large extent). So good luck to El Salvador, thanks to Dixon for encouraging new thoughts, and thanks to those who will take this opportunity not only to take a position in the market, but also to understand the greatness and uniqueness of this tool.