JP Morgan Compares El Salvador’s Bitcoin Adoption to Dollarization in Early 2000

JP Morgan Compares El Salvador’s Bitcoin Adoption to Dollarization in Early 2000

“JP Morgan, the American multinational investment bank reacted to the recent adoption of Bitcoin as a legal tender by El Salvador. The bank compared the Central American nation’s move to dollarization in early 2000 by various countries. It also said the move seems growth-oriented. The bank released a note titled, ‘The Bitcoinization of El Salvador’
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Source: Coingape

China has made its move, the ball is now in America’s court

“In the light of China declaring all crypto transactions illegal, both memes and FUD flew around the market. Meanwhile, experts and analysts shared their takes on the development. On 25 September, Real Vision journalist Ash Bennington spoke to investment strategist and Real Vision CEO Raoul Pal to understand the significance