How Should Nations Hold Bitcoin


Quite a lot of ink has been exhausted writing about El Salvador as the world’s first nation state to make bitcoin legal tender within its territory. Moving from a fiat to a bitcoin standard isan essential milestone in bitcoin’s global adoption. Whether this move will gain support is a debate of its own right. Bitcoiners will have discussions on this matter many times over as Nayib Bukele, El Salvador’s President, acquires a growing portion of the strictly limited supply of 21 million bitcoin. El Salvador’s national treasury holds 1,801 bitcoin, according to Forbes, worth around $60 million as of today. Who will be next: Mexico? Argentina? Paraguay?

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