El Salvador President Nayib Bukele Comments on Bitcoin and its impact on the future of currency. Many predictions say that the future is all about bitcoins with the current model of currencies that will very soon disappear.
Thereby increasing the Crypto usage in day-to-day transactions. Interestingly it is from a president’s remark that cryptocurrency makes the economy more stronger and vibrant than ordinary currency.
With the cryptocurrency market growing exponentially around the world. Based on this context and situation, El Salvador President Naib Bukele was the first President in the entire world to legalize cryptocurrency bitcoins transactions as the official legal currency transactions.
In his tweet, El Salvador President Naib Bukele made some very interesting comments on the cryptocurrencies like Bitcoin. The President tweeted that the ‘real revolution’ that the world is looking forward to is the bitcoin revolution.
Read More: What is bitcoin? How it works?
The prophecy also predicts that El Salvador will be leading the Bitcoin dominance era in the near future. Currently, the world is looking at Bitcoin and related cryptocurrencies to strengthen the entire world economic system and machinery.
However, President Naib Bukele acknowledged that their use and circulation of bitcoin was important for the country’s economic performance and growth.
President Naib Bukele tweet also said that in the future the use of the current currency models will completely stop provided that there will be no disruption to the economy with cryptos.
He also added that there is a very strong possibility in the future that the use of cryptocurrency will be more than the current ordinary currency.
But in order to prove such promising claims and predictions the country’s economy must perform well in real-time scenarios thereby proving that cryptocurrency is better than the ordinary currency.