Ethereum Prices Might Go Under $2,000 In The Near Future.
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El Salvador Recognizing Bitcoin As A Legal Tender Is Not Good - JPMorgan Report.
2021-07-12 | Mike Hallen
“Daily payment activity in El Salvador would represent 4% of recent on-chain transaction volume and over 1% of the entire value of tokens which are transferred between wallets within the past year,” they revealed.The JPMorgan experts also outlined that other challenges related to El Salvador’s adoption of Bitcoin as a legal tender, along with the potential impact on the medium of exchange alongside official dollarization. Endless imbalance of demand for conversions of Bitcoin and therefore the USD might “cannibalize onshore dollar liquidity” and eventually introduce fiscal and balance of payments risk, the report explains.
