With these drivers and catalysts underway, Betancourt said it is likely that"We've kind of been muted. We've been in a consolidation stage after May," he said."But we continue to be bullish, we still think that we are in a bull market and there's a good chance that we'll see all-time highs again before the end of the year."In November 2018, Betancourt and his partner Kevin Kang set up BKCoin Capital, which as of April had returned 214.
Betancourt adds that while 70% of the population in El Salvador doesn't have access to a bank account, they do have cell phones, making it possible for them to leapfrog the traditional banking system and transact using bitcoin andHe also thinks that a lot of countries could follow the footsteps of El Salvador, which could send ripples through the financial markets and speed up"The moment any other country also decides to make it a legal tender and it starts transacting with El...
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Tanzania Considers Crypto—And Boosts Bitcoin—As Nations Line Up Behind El Salvador To Embrace Decentralized FinanceI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com Here we go! TrevMoMatic Our new President's effect!
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