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Bitcoin

El Salvador adoption a ‘coming of age’ for Bitcoin, says Constancy exec

El Salvador’s adoption of Bitcoin (BTC) as authorized tender has been extensively celebrated throughout the crypto ecosystem, however one professional believes the significance of the rollout was a bit bit exaggerated.

Talking to CNBC, Constancy Investments director Jurrien Timmer mentioned that the importance of El Salvador’s Bitcoin transfer is “a bit bit overplayed.”

“As a result of it’s not like El Salvador has dropped the U.S. greenback as its peg,” Timmer defined. “It’s not prefer it switched from {dollars} as its foreign money peg to Bitcoin.”

Reminding that the nation nonetheless has america greenback and other people can resolve to

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