The nationalization of Bitcoin will bring a new international monetary system
Bitcoin and the State are like oil and water. However, it seems that the next phase of adoption involves State adoption.
The nature of the State is coercive and controlling. The nature of Bitcoin is peaceful and liberating. That is why it generates so much suspicion and confusion that politicians around the world use Bitcoin as a campaign flag. One cannot exist without attenuating the possibilities of the other. It is inevitable that something new will emerge from this mix.
El Salvador has already given us an example of what can happen when a State decides to adopt Bitcoin: a growing and transparent Treasury, which anyone can audit; greater independence from intervening organizations such as the IMF; a population that is beginning to educate itself in the nature of money; increase in foreign investment and tourism coming from one of the socioeconomic groups with the highest growth in the last decade. But at the same time, rejection and pressure from other international political groups felt threatened by the change in the economic paradigm.
