《America Shudder! The Small Country of El Salvador is Taking Over the Cryptocurrency Financial Hegemony!》

El Salvador is about to make a big move! Once the world's first Bitcoin bank is established, it will either be heaven or hell, but it is definitely worth the attention of everyone in the crypto world!

Since El Salvador, this 'Bitcoin fanatic' country, made Bitcoin legal tender in 2021, it is now looking to establish the world's first Bitcoin bank. Simply put, they want you to deposit Bitcoin, exchange it for dollars, make cross-border payments, and they may even offer crypto loans.

Once the news breaks, the market might hype up the concept of a 'national-level crypto bank', and Bitcoin may see a short-term surge. But don’t get too excited: El Salvador has a small economy, and if this big experiment fails (for example, due to hacking attacks or regulatory crackdowns), it could undermine market confidence.

If El Salvador succeeds, countries like Panama and Argentina, which face high inflation and a shortage of dollars, may also follow suit, which would truly expand the 'practical use' of Bitcoin.

Case in point: After El Salvador announced Bitcoin's legalization in 2021, a number of small countries began discussing it, but only a few saw it through to reality. If this time it succeeds, it could indeed spark a wave of 'national crypto banks'.

If a Bitcoin bank can provide lower fees and faster cross-border transfers, traditional banks (especially those like Western Union) may be forced to reform or even start their own crypto operations.

This thing will either become the 'central bank' of the crypto world or turn into a national-level performance art.

Optimistically: If it can truly operate stably, the 'practical value' of Bitcoin will significantly increase, no longer just a speculative asset. Pessimistically: The credibility of the El Salvador government is average, its technical capabilities are questionable, and it might be targeted by hackers or crushed by U.S. regulatory agencies.

Do you think El Salvador can succeed this time? If it does, will Bitcoin soar to $120,000? Let's discuss in the comments, and if we get over 1000 likes, the next issue will deeply analyze 'which countries are most likely to follow suit'! $BTC #CPI数据来袭