A member of Paraguay’s lower house is revealing that the South American country will launch an important project involving Bitcoin.
Carlos Rejala tells his 48,000 followers to expect a big announcement this week while mentioning both Bitcoin and PayPal in the same tweet.
“As I was saying a long time ago, our country needs to advance hand in hand with the new generation. The moment has come, our moment. This week, we start with an important project to innovate Paraguay in front of the world! The real one to the moon! BTC, PayPal.”
A picture accompanying the tweet shows the legislator wearing laser eyes, which typically symbolize a bullish outlook for Bitcoin and the broader crypto market.
In a subsequent tweet, the politician hints that he has plans to make the country a hub for crypto investors around the world to take advantage of Paraguay’s renewable and inexpensive energy from hydroelectric sources.
Working with @juanjobr and the Paraguayan crypto community in order for Paraguay to become a hub for the crypto investors of the world and subsequently to be placed among the ones on the cutting edge of digital technology @michael_saylor @cz_binance @elonmusk https://t.co/pfO03HNSr1
— Carlitos Rejala (@carlitosrejala) June 7, 2021
Morgan Creek Digital co-founder and Bitcoin bull Anthony Pompliano posits that Carlos Rejala’s announcement could be a sign that El Salvador’s pioneering goal to classify Bitcoin as legal tender is inspiring other countries to do the same.
“A politician from Paraguay (Carlitos Rejala) has posted a laser eyes photo and promised a Bitcoin announcement this week. Just as we saw MicroStrategy start the domino effect for public companies, El Salvador will likely be a catalyst for other countries.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Wit Olszewski
