"Why do you think the bill is a formality?"pic.twitter.com/b1VDwqEG2k
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Jack Mallers is the man. Bastion of perseverance. The 'bill' bit seems like a formality. Price reaction to pre announced announcements is rarely a function of the content of said announcement. All things considered, pretty big W, landmark moment. Domino effect TBD.https://twitter.com/HsakaTrades/status/1401279906474913795 …
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Correct.. announcement was a little bit underpriced because was done by a "yo" 26 yr old boy... but in the end is a HUGE leap and we don´t even understand how this makes a big leap legally and financially. It´s the first stone of a wall. The definitive wall
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El Salvador though? On a grander scale, all policy making in El Salvador is irrelevant globally, so i think this makes no difference The US/Germany/China wont think "El Salvador did this, we better follow" ...
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once the only thing bitcoin could do was buy pizza
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might be bearish given that they currently use the US dollar as their currency? would rather see btc being seen as an alternative to gold rather than the dollar, gives usa another reason to want to squish it
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if you consider how big an impact remittances from USA have in the Central American economies, and how much cheaper it is to send $ via crypto, I'd expect a lot of countries in the zone joining with similar laws soon..
@thisisbullish in ways that most people are not realizing yet -
also, the effect would be felt in their money-sending counterparts back in America: a lot of people will start learning about crypto pressed on by their families back there
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What did Jack do? I am in the dark here.
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