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Bitcoin: The Currency The Developing World Needs

Aug. 02, 2021 1:49 PM ETBitcoin USD (BTC-USD)26 Comments
Joshua Sorto profile picture
Joshua Sorto


  • Bitcoin is most useful in developing nations.
  • El Salvador’s adoption of Bitcoin opens the door for other poor nations to adopt BTC.
  • Bitcoin’s TAM ranges from hundreds of billions to trillions of dollars.
  • The value of money does not come from the power of government.

Young man with a face mask and a poster in his hands about Bitcoin. Young activist / protester. Blockchain activist
Vasil Dimitrov/E+ via Getty Images

Investment Thesis

The debate revolving around Bitcoin (BTC-USD) has been Ameri-centric. Many forget or are unaware of the desperate need for stable money in developing nations. El Salvador’s adoption of Bitcoin as legal tender we

This article was written by

Joshua Sorto profile picture
I am an accountant in public accounting. I'm a huge nerd for equities in general and I find researching companies fun. I've decided to start writing because I want to be an active participant in the investment community and I believe writing about stocks is the best way to hone my expertise. I am looking forward to all the feedback I receive, both the good and the bad. Thank you for taking the time to read and react to what I write. Associated with another SA Contributor Johannes Sorto

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I own shares of MSTR an indirect way to own Bitcoin. I do not own Bitcoin directly.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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