President Nayib Bukele has been a Bitcoin bull for years and continued believing in the cryptocurrency s potential even when prices were in the lows late in 2022.
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An established financial system that’s been around for hundreds of years means stability and prosperity, and that’s why developed countries are as economically stable as they are. However, it also means a lack of flexibility and a lot of barriers to innovation. That’s why developed countries weren’t very fast with crypto integration.