Bitcoin's biggest risk is staying out of it, says man who helped El Salvador adopt digital currency

Bitcoin's biggest risk is staying out of it, says man who helped El Salvador adopt digital currency

One of the men who helped in El Salvador's process of adopting Bitcoin as a legal tender was Jack Mallers, programmer and founder of the Strike company. In conversations with the Salvadoran president, Jack put together a plan and presented the possibility that the country located in Central America could be a pioneer in the world.

El Salvador's adoption of Bitcoin turned out to be one of the most important themes in the history of digital currency, at least so far, with the quotation taking in the news. Today, the price of Bitcoin has increased by 7%, surpassing the region of US$ 37,000.

Jack gave an interview to CNBC last Wednesday (9) and spoke about the advantages of El Salvador adopting digital currency.

Mass printing of money by central banks is worrying for countries like El Salvador, the biggest risk was staying out of digital currency

After the announcement of the Bitcoin Law in El Salvador, many remembered that the country is negotiating with the IMF in search of a package worth around US$ 1 billion. This amount will be used to help the country get back on its feet.

Jack Mallers, who is the man who helped pass the world's first bitcoin law, believes there is no risk for El Salvador, the biggest problem being staying out of the digital currency.

"I don't think people are calculating the risks correctly, the biggest risk of Bitcoin is staying out of it, it would be a surprise to me that the country didn't do anything"

For Jack, Bitcoin was created to be the best network and currency in history, ensuring financial freedom and inclusion for everyone. The expectation is that more jobs will be created in the country that adopted it as legal tender.

"#Bitcoin is designed to be the best monetary asset and the best monetary network in human history, ensuring human freedom and financial inclusion for all."

"Connect with the lifeboat or sink with the boat"
Jack is a Bitcoin visionary and even helped sponsor the Bitcoin Car race. That is, he has struggled to carry the message of freedom to many different audiences.

For the programmer, who created an application that works with the Lightning Network, Bitcoin is the lifeboat of today's financial market. Anyone who does not connect to the network will end up sinking with the boat.

Despite fears of the first legal support of Bitcoin in one country, other countries still stay away from the idea. Next Friday (11), the G7 meeting starts and Joe Biden plans to talk about cryptocurrency ‘problems’ on the occasion.