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RE: Daily Crypto Markets Live Blog: Happy Bitcoin Legal Tender Day (09/07/21)

in LeoFinance • 3 years ago

What if the flow of money into the United States from El Salvador increases as a result of the use of Bitcoin there? Isn't that what a country wants from its neighbors, more money? That BTC from El Salvador which ends up in USA could end up being converted back to USD sooner or later. This point gets little mention, but it could happen.

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3 years ago in LeoFinance by
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     3 years ago  

    Isn't that what a country wants from its neighbors, more money?

    Sure. More money and good relations.

    That BTC from El Salvador which ends up in USA could end up being converted back to USD sooner or later.

    Sorry, I didn't get your point.

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       3 years ago  

      Price increases. Both the seller in El Salvador and the buyer in USA get to cash out the BTC for USD, but due to when the cashing out takes place the American may get more USD than the person cashing out in El Salvador. I think "arbitrage" is the word I should have used earlier.

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