President Nayib Bukele says the bill has passed and Bitcoin and The USD are both official currencies in El Salvador ! 22,000 listened to the president speak during a live Twitter Spaces by Nic Carter. Nic started the spaces but had no idea how big of an event it was going to be. The presidents brother, a member of the congress seen Nic’s live and joined in. He had admitted he has no idea what the limits of the this will truely be for Bitcoin as a currency and it effect on the economy. The brother convinced the president to speak. “In politics the opinion of the people is the deciding factor. The people of El Salvador see new technologies as new income.” El Salvador is now the first country to accept Bitcoin. If people don’t want Bitcoin they can use a virtual wallet from the government or a wallet of their choosing and exchange it to USD. 150M USD will be the first milestone to be held in the trust fund in the development bank not the government bank. The trust fund will 150 Million USD but it will be bought in small transactions but in the end they will hold 150M in Bitcoin. It will come from common folks. They think it could take a couple months. Hopefully 5 months. Peer speculation by a very excited president. At that point what will they do? 150M is start guess. The Bill passed with super majority. 62 votes and won. June 8 history was made Twitter Spaces was there. Bitcoin Beach had been working for some time now with El Salvador to get them to consider Bitcoin as a currency. What if Bitcoin puts money back into the value of money? What do you think?
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