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3 Interesting news about bitcoin and crypto adoption.

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@fabian98
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Hello everyone...

This week we have had many interesting things happening in the crypto world, a long-awaited conference about bitcoin development, crypto adoption projects for countries and jp morgan surprises us with an interesting announcement, so I wanted to make a small summary of 3 interesting news and give my opinion about it.

SOURCE

Argentina moves forward with its BTC wage project.


Reading the news today I came across 3 that I found very good and important because I could see where everything is heading because although many skeptics say it is not so, the mass adoption is increasingly visible but it will not happen all at once, but rather little by little, as is happening in Argentina and its proposal to pay salaries in bitcoin.

A few weeks ago I talked about a proposal being made by an Argentinean congressman about paying partially or the salaries in bitcoin, since that way the working class is protected from the great inflation that the country is going through and the constant loss of the value of the Argentinean peso. And although in that publication I said that this project still had many obstacles to overcome, it seems that so far it has achieved one of the major objectives, which was that the president of the Argentine nation Alberto Fernandez himself could know the project, and it seems that the deputy José Luis Ramón has achieved it.

https://www.youtube.com/watch?v=xY22bc6HMEs&ab_channel=CamiloJorajur%C3%ADadeLe%C3%B3n SOURCE

In this video of a videoconference of the congressman José Luis Ramón with the lawyer Camilo Jorajuría, a member of the NGO Bitcoin Argentina, the congressman said that he presented him the project "Salary perception scheme in cryptocurrencies" and the president understood it and was amazed by the idea.

And although it still needs to be finally approved, it already has a long way to go and is having more relevance in Argentina, since, on the one hand, it would help to hit inflation, and on the other hand, it would remove from the middle many intermediaries that are unnecessary and keep a lot of money from remittances from abroad.

My opinion: I think that if this is approved and has a period of success, it will be taken to a greater extent in the country and also in the rest of the region since many countries will be interested in having something similar because they also suffer the problems of inflation and the high commissions of third parties.

JP Morgan now allows trading with cryptocurrencies.


In this new digital era, if you don't get on board when you have the chance, you will be out of the boat very quickly, and that is something that many millionaires have understood in the last 2 years. Since they have gone from absolute refusal to buy crypto because they considered it fraud to worship it and be part of the thousands of crypto HODLers that appear every day.

SOURCE

The most surprising is the famous bank JP Morgan, an American bank famous for discrediting cryptocurrencies on many occasions, especially bitcoin, even its current CEO Jamie Dimon, had been calling cryptocurrencies in every possible insulting way since 2017 and Dimon even mentioned that he would fire any of his employees who traded bitcoin for being stupid.

But Jamie Dimon is another crypto skeptic who got his shot in the arm, as he recently approved for all clients to trade bitcoin (BTC) and cryptocurrencies, brokers in the bank's wealth management division will be able to accept buy and sell orders for up to five corporate products related to bitcoin and other digital assets. Now brokers are authorized to process investments in the funds: the Grayscale Bitcoin Trust, the Bitcoin Cash Trust, the Ethereum Trust, the Ethereum Classic products, and the Osprey Funds Bitcoin Trust.

[SOURCE](https://www.criptonoticias.com/negocios/atacar-bitcoin-durante-anos-jpmorgan-expande-servicio-trading-btc/)

My opinion: I think at the end of the day all the arrogant millionaires will surrender to bitcoin and the other cryptocurrencies because it is proving day by day that it is far superior to fiat money and all that the traditional system has to offer.

Initiatives to support the development of Bitcoin.


Finally, we have the expected conference The B Word, although they talked about many interesting topics, personally, for me, I highlight the hypocrisy of Elon Musk, as he rubbed everyone in the fact that thanks to a lot of idiots came in panic, he has more crypto and when the bullfight begins he will become more millionaire. But that is the least of it because if Elon dies no amount of money can revive him.

But apart from the shameless hypocrisy of Elon musk, some initiatives were also presented to encourage further development of bitcoin and further growth of the network, for this was presented development requires coordination and collaboration, and this development is carried out in a better way should be able to protect a network of high market value.

And as the tasks that a developer has to perform are many and most of the time it is voluntarily, all this work must be funded to the extent that is required to protect the value that this network retains, that is why it is necessary to fund in a monetary way to Bitcoin developers because it is a job that requires a lot of dedication and specific skills.

My opinion: I think it would be a good thing if this plan is carried out, as many developers would have an incentive to do this tedious work, also if this is formalized and extended to other networks as we would have a kind of jobs of the future, where they are taught in academies to people how to do this work and thus would move further to mass adoption.

CONCLUSION


You can see how everything is changing very fast, the institutions that hated bitcoin now accept it, the countries presenting different adoption projects and now we see more union in the development of the blockchain, all this can assure us that cryptocurrencies and all this decentralization that is growing are already unstoppable, no matter if the price goes up or down and we are aware of the importance of a decentralized economy in society, from now on we see good directions and more development in this sector.

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