EL SALVADOR’S president wants to make Bitcoin legal tender in the country – as Elon Musk was threatened by online activists Anonymous.
It would become the first country in the world to officially adopt cryptocurrency as mainstream payment and would be used alongside the US dollar, El Salvador’s official currency.
Bitcoin, Ethereum, and Cardano are enjoying a period of relative stability after shifting by less than 1 per cent in price since Friday.
Meanwhile, Twitter co-founder Jack Dorsey threw his weight behind the future of Bitcoin has he backed the importance of the cryptocurrency.
“Bitcoin changes absolutely everything,” Dorsey said at the Bitcoin 2021 Conference this weekend. “I don’t think there is anything more important in my lifetime to work on. If I were not at Square or Twitter, I would be working on bitcoin. If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin. But, I believe both companies have a role to play.”
It comes after Elon Musk said he “misses” Bitcoin after the market’s recent comeback stalled yesterday as several major coins took a tumble.
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