El Salvador embracing Bitcoin still helping it along

Author: Eamonn Sheridan | Category: Cryptocurrency

The news on El Salvador adopting BTC as a legal currency began on the weekend:

Check out the bottom of that post for a link on why this is unlikely to work out well.

El Salvador's Trade and investment minister confirmed though that the USD will still have a role:
Yesterday news crossed again that the country is pressing ahead to make BTC legal tender. That news continues to reverberate with plenty of fingers pointing at it as support for the crypto. 

BTC/USD is not far off its post-weekend high:
The news on El Salvador adopting BTC as a legal currency began on the weekend:

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