El Salvador created history earlier this month as Bitcoin became a legal tender in the country. Many crypto proponents called it historic and believe it would create a domino effect on other small financially challenged nations to adopt Bitcoin. However, Jurrien Timmer, a Fidelity Investment analyst believes the significance of El Salvador’s adoption is overplayed.
Timmer’s comment came during his interview with CNBC where he said that it’s definitely an interesting development but not as significant as many would like to believe. He explained that El Salvador continues to use US Dollars and BTC works on the side. He asserted that if El Salvador has dropped US Dollar for Bitcoin, then it would have been a significant event. He explained,
” The development is definitely interesting but I think its significance is a little bit overplayed….its not like they have dropped US Dollar. All the trades are still settled in USD and people can decide between the two, but it is the first
Źródło: https://coingape.com/el-salvadors-bitcoin-adoption-is-overplayed-says-fidelity-investment-analyst/
