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The Crypto Market Looks Unclear on El Salvador’s BTC Update

Published 06/07/2021, 12:00 PM
© Reuters. The Crypto Market Looks Unclear on El Salvador’s BTC Update
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  • The crypto market seems confused about El Salvador’s Bitcoin announcement.
  • Due to this, the crypto market is still silent to respond.

El Salvador’s President Nayib Bukele recently disclosed that he would send a bill to the nation’s Congress to make Bitcoin (BTC) legal money. The news was said to be “one of the biggest announcements in Bitcoin’s history”.

Strike CEO Jack Mallers revealed Bukele’s decision on BTC in a short video at an online presentation at Bitcoin 2021. In the video, Bukele said, “Next week, I will send to Congress a bill that makes Bitcoin legal money”.

Due to the nature of Bukele’s BTC news, the entire crypto market seems confused. They are also confused about Bukele’s intention to send a bill to start accepting Bitcoin as legal tender.

Also, others are confused on how some gave th...

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