If you’ve paid any attention to my chats about crypto lately, you’ve heard me refer to what I call the “Age of Adoption” a lot.
The basic idea is this:
Even though there are still way too many folks who think of cryptocurrency as some “fad,” that’s ridiculous.
As we see more and more companies and major investors embrace Bitcoin as a form of payment or an investment, there’s a smaller and smaller chance that it’s somehow just gonna go away.
But beyond that, as these major entities go deeper and deeper in crypto, it just becomes more legitimate.
And that means it will likely continue to expand.
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Recently, the “Age of Adoption” got another huge win, when El Salvador became the first country to accept cryptocurrency as legal tender.
But that may just be the beginning…
On New Year’s Eve, the President of El Salvador, a guy named Nayib Bukele, tweeted out his predictions about Crypto. Among them was the guess that at least two more countries would adopt it as legal tender.
Now, I’m not saying that Bukele is an amazing guy. I saw one article describe him as Central America’s “first millennial dictator.”
But he’s got an interesting perspective here.
And we’ve talked about it recently: crypto is doing amazing things in what used to be called the “third world.”
El Salvador is a prime example of that.
But the idea that even more countries are adopting crypto is exciting, and it proves a lot of the doubters wrong.
Some folks think it’s a fad, other folks think that the real opportunity has dried up…
But neither is true. Really, the opportunity is just starting!
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
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