re: El Salvador’s Bitcoin Holdings Up Over 40%

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El salvador is in an incredibly desperate situation with massive crime, gangs, drug smuggling, and impoverished people living in fear. Their leader leader was a marketing exec aiming to become a dictator as he has new Supreme Court judges allow him multiple elections, military intimidation for anyone that opposes him while he flashes around in expensive clothes calling himself the “coolest dictator in the world”

I’d question where he got some of his crypto and would certainly suspect him of obtaining the crypto through illegal means. But no one will ever know.

I wonder if they accept their tax payments in crypto?
Imagine accepting tax payments in a currency that could lose massive value in a matter of minutes! It’s too expensive to do it anyway.

Touting El Salvador’s use and acceptance of crypto currency is another dent in crypto currency credibility more than anything else.

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