Bitcoin has reached its highest level of mainstream acceptance over the last year or so, as it’s price skyrocketed to all time highs. However more recently, a substantial development occurred as El Salvador elected to recognise Bitcoin as a legitimate currency and tender, which was the cryptocurrency’s original purpose.
Similar sentiment was shared by Nigel Green, the chief executive and founder of deVere Group, who had the following to say: “El Salvador has become the first country to adopt Bitcoin as official legal tender – but it will not be the last.
“Some larger, more powerful countries are trying to quash or slow the inevitable shift to borderless, global, digital currencies.
“But this small Central American nation has embraced the biggest one of them all – Bitcoin – and recognised it as official legal tender. El Salvador has made history and become a true pioneer of the digital age.
“Where El Salvador has led, we can expect other developing countries to follow.
“This is because low-income countries have long suffered because their currencies are weak and extremely…
