"Mexico is on the list" for BTC Adoption, Other Countries To Follow Suit 14

“Mexico is on the list” for BTC Adoption, Other Countries To Follow Suit

  • Samson Mow is leaving Blockstream to pursue “nationwide BTC adoption”
  • Mow tweeted his plan, stating that Mexico is on the list that could soon adopt Bitcoin 
  • A report issued by Fidelity Digital states that 2022 might be the era when many sovereign nations could adopt Bitcoin

Samson Mow, the chief strategy officer at Blockstream, has announced his departure from the platform via Twitter. Mow, who dedicated five years of service to Blockstream, now wants to focus on accelerating the nationwide BTC adoption drive, eyeing Mexico as his first target

Samson Mow To Spearhead Nationwide BTC Adoption Drive

Mow, an advisor to El Salvador during its adoption to make Bitcoin a legal tender in the country, announced that he’s leaving Blockstream to focus on expanding “nationwide BTC adoption.” Mow noted Mexico as one of the countries “on the list” that could adopt Bitcoin. 

“So with @Blockstream in a very good place and well-capitalized after a successful B round, it was the right time to move on. It also feels like now is a pivotal point in # Bitcoin’s evolution – we’re on the verge of mass adoption, and I think I can make it happen faster. “Mow added via a Twitter thread.
Mow, who will also be focusing full time on Pixelmatic, had a Twitter exchange with Ricardo Salinas Pliego, Mexico’s third-richest man, concerning Bitcoin mining in the country. He also posted a picture with Senator Indira Kempis, who is actively working towards mainstreaming Bitcoin adoption in Mexico, hinting at plans to explore the BTC adoption drive actively.

Earlier, a report issued by Fidelity Digital in January stated that 2022 could be the year when sovereign nations could adopt Bitcoin. The report further read:
“Even though many countries around the world are taking a strict approach to regulating crypto, Fidelity doesn’t believe that outright bans are on the table. An outright ban will be challenging to achieve at best and, if successful, will lead to a significant loss of wealth and opportunity.

Instead, as more countries adopt bitcoin, other countries will be forced to as well even if they don’t believe in the investment thesis or adoption of bitcoin.”

“We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peer. In other words, a small cost can be delivered today as a hedge compared to a potentially much larger cost year in the future.” The report further added.