If crypto lives on for many decades, the story of El Salvador adopting bitcoin as its legal tender will go down in history as a critical milestone, writes gckaloudis. CoinDeskTurns10
So while El Salvador doesn’t control the monetary policies of either of its currencies, at least Bitcoin’s monetary policy is known and unchanging.
Then again, these are just IMF reports with warnings embedded, there hasn’t been much loud opposition. But on that point, Gladstein offered a sharper take on the IMF, El Salvador and Bitcoin. "The IMF is opposed to Bitcoin adoption in El Salvador because it gives people an escape from the debt colonialism that it imposes on much of the world,” says Gladstein “The IMF has been relatively muted in its opposition so far, in part because El Salvador is a dollarized economy and in part because the [Salvadoran] government has still sought its assistance … But if another country, let's say Argentina, adopted Bitcoin, they would enter panic mode.
CoinDesk’s interviews with Salvadorans and with those in El Salvador working on bitcoin there show a good level of enthusiasm and excitement for Bitcoin. One individual working in El Salvador offered that they believed 50% of the population will use Bitcoin regularly in the next bull market.DISCLOSURE
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