(Creator’s word: On this Take, I supply an interpretation of current occasions in Guatemala via 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 assume an excessive amount of about it after I got here throughout it. I bear in mind laughing after I noticed it after which simply going about my day.
Nevertheless, per 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, significantly 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 basically “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 consequence within the Guatemalan authorities and central financial institution acknowledging bitcoin’s worth and providing correct steerage for banks and different establishments that will need to maintain the asset on their steadiness sheets.
I plan to talk with extra folks 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 mirror these of BTC Inc or Bitcoin Journal.