🌋⏩ El Salvador 1st Country to make BITCOIN 💲 Legal Tender 🐮 Bullish on Bitcoin Price Prediction 📈🚀
Channel: Mario Alvarado
Date: 2021-06-16

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🙋‍♂️ Hey whats up guys this is Mario back again with another YouTube video. In today's video I am going to cover 🌋⏩ El Salvador 1st Country to make BITCOIN 💲 Legal Tender 🐮 Bullish on Bitcoin Price Prediction 📈🚀

🌋 El Salvador is officially the first country in the world to accept Bitcoin as legal tender. That means you can buy everything in El Salvador with Bitcoin, that means Real Estate, Groceries, Gas, and even pay Taxes to the government in El Salvador with Bitcoin. This is what all the Bitcoin investors and Bitcoin Enthusiasts were waiting for and its here. According to CBS News, "El Salvador will adopt Bitcoin as a legal tender in the country, becoming the first in the world to formally embrace the volatile cryptocurrency as such. The Latin American country's congress voted overwhelmingly in favor of the law late Tuesday, pushing forward Salvadoran President Nayib Bukele's proposal. The 39-year-old politician's party holds a supermajority in El Salvador's congress." https://www.cbsnews.com/news/el-salvador-bitcoin-legal-tender/
 
🎥 In this video I am going to go over what this news means for Bitcoin, I will go over Technical Analysis as well as Fundamental Analysis on Bitcoin. Some of the additional points regarding Bitcoin news is that El Salvador plans to attract Crypto Entrepreneurs to the country of El Salvador through Tax incentives. Some of the Tax incentives include, No Property Taxes, No Capital Gains Taxes on Bitcoin, and Immediate Permanent Residence for Crypto Entrepreneurs.

 📰 According to Quartz.com, "Within 24 hours, cryptocurrency devotees on Twitter were claiming San Salvador as the world’s next big tech hub. Hours after Bukele announced El Salvador would be the first country to accept bitcoin payments for all government business, Justin Sun, founder of the cryptocurrency platform TRON, predicted “crypto investors and entrepreneurs” will move to El Salvador en masse. The country’s president, a former businessman, responded with his own pitch for bitcoin enthusiasts to immigrate to El Salvador citing tax savings, surfing beaches, and lax immigration requirements. Bitcoin fans responded enthusiastically, looking into buying a home in El Salvador, asking questions about how to begin the residency process, and wondering what the price of Salvadoran beachfront property would be in bitcoin. Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, tweeted a gif of Mickey Mouse frantically packing a suitcase: “Enticing,” he wrote." https://qz.com/2018992/el-salvador-lures-bitcoin-fans-while-salvadorans-seek-asylum/ 

😃 I hope all this stuff makes sense guys, if you guys have any questions please ask down below on YouTube comments. Don't forget to smash the like button and subscribe to this YouTube Channel. Thank you!

💁‍♂️ Disclosure: I am not a financial advisor. All of these videos are for learning and entertainment purposes ONLY.


#elsalvador #bitcoin #legaltender #bullish #btc