Even if El Salvador lists Bitcoin as legal tender, it will be difficult to get rid of its dependence on the US dollar.

El Salvador's Bitcoin policy is about to be implemented, and Bitcoin will be officially listed as legal tender on September 7. El Salvador has two purposes for listing Bitcoin as legal tender. One is to get rid of its dependence on the US dollar, and the other is to use Bitcoin to stimulate the economy.

El Salvador's listing of Bitcoin as legal tender and even the establishment of a Bitcoin fund are a bit too radical.

I think even if El Salvador's Bitcoin system is officially effective and Bitcoin is listed as the domestic legal tender system, the main currency in circulation in the market is still the US dollar. So it is basically difficult for El Salvador to use Bitcoin to alleviate the dependence of the domestic monetary system on the US dollar. As for using Bitcoin to promote employment and stimulate the economy, I think it is even more unreliable. If you say that you can make a fortune by speculating on Bitcoin, I don't object. But this is actually a kind of gambling.

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