According to him, countries with developing economies will soon follow the example of El Salvador and legalize Bitcoin as a means of payment.
In his blog, Alexander Hoeptner supported El Salvador's decision and predicted that the poor will lead the way in Bitcoin adoption. He wrote:
I think that by the end of next year at least five countries will have legalized Bitcoin as a means of payment. They will all be emerging economies.
Additionally:
However, if politicians play a large role in the adoption of Bitcoin, their failure could seriously harm cryptocurrencies as a whole.
In his opinion, the adoption of Bitcoin by these countries will be driven by three main factors - the need for fast and cheap international transfers, high inflation and political problems.
We would like to remind you that the Brazilian government is preparing a bill that will allow the use of Bitcoin to pay for goods and services.
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According to cointelegraph.com
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