IMO, I'm considering that for the majority of El Salvadorians this kind of wild fluctuation in crypto (which is something entirely new for them) may shake their comfort level with BTC as a national currency. Had the price point gone up today the news would be more bullish and they would have more confidence in BTC. Right now I'll bet there are folks in El Salvador who are worried. Which is exactly what a flash crash like this on a monumental day was meant to do. Let's hope the end of year predictions hold true. Only time will tell.
You are viewing a single comment's thread from: