Latam Insights: El Salvador Won't Sell Its Bitcoin, Bitcoin Spot ETFs Land In Br

[sirty143]

Latam Insights: El Salvador Won't Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin... See more for yourself here.

Your opinion is greatly appreciated.

[Tribalchief]

The president of El Salvador, Bukele, isn't a newbie in the crypto community. He clearly understands how Bitcoin works and how its price tends to fluctuate. He has certainly made the right decision in making Bitcoin legal tender in El Salvador, which will likely benefit the country in the future. If he says they don't plan on selling, then it's definitely a smart choice.

Regarding the launching of Bitcoin Spot ETFs in Brazil and Peru, it's certainly good news for South Americans and the Bitcoin community. This is an open door for more investors and widespread adoption by holders.

Money printing has been a suspicious cause of inflation in the economies of major countries. The newly elected president of Argentina is on the right path to limiting the excessive printing of money into circulation. Jail threats like this indicate that the president isn't joking with his administration.