(Writer’s notice: On this Take, I provide an interpretation of current occasions in Guatemala by way of the lens of somebody on the bottom within the nation.)
On November 10, the X account for El Salvador’s Bitcoin Workplace posted the next meme:
It appeared innocent sufficient. I do know I didn’t suppose an excessive amount of about it once I got here throughout it. I bear in mind laughing once I noticed it after which simply going about my day.
Nevertheless, every week in the past, a colleague of mine, a outstanding Guatemalan Bitcoiner, shared with me that the meme went viral in Guatemala. And never only a bunch of retweets-type viral — extra like wildfire viral.
Many Guatemalans, notably Guatemalan Bitcoiners, are followers of Bukele. So, when the Bitcoin Workplace jokingly signaled that Bukele is considering of shopping for Guatemala, the response from many within the nation was primarily “good.”
This put the powers that be within the nation on their heels, catalyzing increased ups within the Guatemalan authorities and at Guatemala’s central financial institution to begin researching Bitcoin.
My supply tells me it is potential that this might outcome within the Guatemalan authorities and central financial institution acknowledging bitcoin’s worth and providing correct steerage for banks and different establishments which will wish to maintain the asset on their stability sheets.
I plan to talk with extra individuals on the bottom within the coming weeks to supply extra substantial reporting.
This text is a Take. Opinions expressed are completely the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
