Why Sovereign Nation States May Begin Acquiring Bitcoin In 2022
Bitcoin has grown from being ‘internet money’ used by only a few thousand people during its first few years to being part of the balance sheets of big companies and sovereign states. El Salvador is a case in point for a country that has committed fully to the bitcoin mission, putting millions of dollars into the digital asset as a national reserve. While bitcoin is still a long way from being the de facto reserve currency of all countries, its growth points to countries not being able to ignore it for much longer. That’s why it is expected that more nation-states will purchase the....
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Liberland is a sovereign nation that has represented a physical presence of Bitcoin adoption and usage since 2015.
As companies adopt Bitcoin, they will begin to gain new levels of leverage over the state and amplify their ability to do commerce globally. The post The Sovereign Company Thesis appeared first on Bitcoin Magazine.
El Salvador’s president Nayib Bukele has made himself and the country a force to be reckoned with after it became the first sovereign nation to accept bitcoin as a legal tender. During the course of its bitcoin agenda so far, the President has made some major predictions with regard to the cryptocurrency in 2022. Coming […]