Traders, analysts offer mixed reactions to El Salvador’s BTC announcement
Cointelegraph
Published Jun 06, 2021 03:00PM ET
Updated Jun 07, 2021 05:20PM ET
While it was billed as the “one of the biggest announcements in Bitcoin's history,” the market seems to be puzzling over the landmark reveal that El Salvador’s sitting President will be submitting legislation to recognize Bitcoin as legal tender.
In a presentation at Bitcoin 2021 from Jack Mallers, CEO of Zap — developers of a previously low-profile Lightning Network wallet app named Strike — Mallers showed a short video from Salvadorian president Nayib Bukele where the leader of the 104th largest global economy announced the historic legislation. Strike currently has a 3.2 out of 5 star rating on the Google (NASDAQ:GOOGL) Play store.
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Written By: Cointelegraph
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