History in the Making

In less than two weeks, history is going to take place. Bitcoin will be an official legal tender in El Salvador, and residents will be able to live in a Bitcoin world.

Does anyone remember the last time something other than a nation’s currency was considered legal tender? Neither does FMT.

This is a watershed moment in the bales of monetary history and huge for Bitcoin. Bitcoin will be legal tender, and it completely legitimizes the digital asset.

Other countries will all too likely follow in El Salvador’s footsteps as they begin to witness how wholly beneficial this move is for the country.

Theoretical game theory suggests other countries won’t want to fall behind El Salvador, and leaders will be pressured to do the same in other locations, especially nearby countries.

El Salvador will get a quick and permanent 4% boost to GDP on remittance savings alone by utilizing the Bitcoin network.

On top of it, El Salvadorians can now spend and save in Bitcoin, which will be the first time in human history that one’s asset can also be one’s currency. An overwhelming part of the population in El Salvador is about to go from unbanked to the best banking and saving services in the world via their smartphones.

This is a seismic moment in time and a once-in-a-lifetime technological event. We are living witnesses to this historic unfolding, and it is great to be on this journey with you Revolutionists.

As FMT wrote in “Dominance 30x,” Bitcoin’s network effects are spinning, and this is a milestone marker of it in action.

For the first time on record, our labor energy or the fruits of labor can be preserved and stored through time and space over the long term without an ounce of our energy money being leaked. It’s now legal tender in one country, with others likely to follow soon.

History is in the making and we are part of it.

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