El Salvador Bitcoin Adoption｜ADA Founder: Major Victory for Crypto Industry, Whistleblower Snowden: Those who come late will regret

Cardano founder Charles Hoskinson believes that more countries will follow in the footsteps of El Salvador in adopting Bitcoin as legal tender. He sees El Salvador's acceptance of Bitcoin as a significant victory for the cryptocurrency industry.

After Bitcoin became legal tender, Panamanian lawmakers have proposed to allow Bitcoin payments, following similar moves by lawmakers in Paraguay and Uruguay to promote the use of Bitcoin in their countries. Charles Hoskinson predicts a wave of countries following in the footsteps of El Salvador. On the day when El Salvador's Bitcoin law took effect, Charles Hoskinson recorded a "Congratulations Bitcoin" video, stating that El Salvador's acceptance of Bitcoin further legitimizes the belief in people controlling their own money. Hoskinson believes that cryptocurrencies like Bitcoin are the future of money, as the younger generation will inevitably drive widespread adoption of cryptocurrencies. He further predicts that more countries will enter the cryptocurrency industry, integrating cryptocurrencies into their monetary policies, possibly as part of their central bank reserves, for central bank settlements, or as national currencies, similar to what El Salvador has done. In addition to Charles Hoskinson, security researcher and whistleblower Edward Snowden also tweeted that with Bitcoin being officially recognized as legal tender in the world's first country, competing nations are now under pressure to acquire Bitcoin, even if only as a reserve asset, warning that "latecomers may regret it." This article is authorized for reprint from Horizonnextsumari.com.