The Guatemalan Government Is Taking A Closer Look At Bitcoin — All Because Of A Meme

Credit : bitcoinmagazine.com

(Writer’s Be aware: On this take, I supply an interpretation of current occasions in Guatemala via the lens of somebody on the bottom within the nation.)

The X account for the Bitcoin Workplace in El Salvador will seem on November 10 posted the next meme:

It appeared harmless sufficient. I do know I did not assume an excessive amount of of it after I got here throughout it. I keep in mind laughing after I noticed it after which simply going about my day.

Nonetheless, per week in the past a colleague of mine, a distinguished Guatemalan Bitcoiner, shared with me that the meme went viral in Guatemala. And never only a bunch of viral retweets – extra like a wildfire viral.

Many Guatemalans, particularly Guatemalan Bitcoiners, are followers of Bukele. So when the Bitcoin Workplace jokingly flagged that Bukele was contemplating shopping for Guatemala, the response from many within the nation was basically “good.”

This put these in energy within the nation on their heels, resulting in senior figures within the Guatemalan authorities and Guatemala’s central financial institution investigating Bitcoin.

My supply tells me it’s attainable that this might result in the Guatemalan authorities and central financial institution recognizing the worth of Bitcoin and offering acceptable steering to banks and different establishments that need to preserve the property on their stability sheets.

I plan to talk to extra folks on the bottom within the coming weeks to supply extra substantive reporting.

This text is a To take. The opinions expressed are solely these of the writer and don’t essentially replicate these of BTC Inc or Bitcoin Journal.