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The Real Story Behind the Recognition of Bitcoin as an Official Currency in El Salvador. Nayib Bukele decided to bet on Bitcoin to change the future of an entire people.

The Real Story Behind the Recognition of Bitcoin as an Official Currency in El Salvador. Nayib Bukele decided to bet on Bitcoin to change the future of an entire people.



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6 Comments

  1. Even though it is a good story for bitcoin let us not forget that Nayib Bukele has made some serious power grabs lately. Threatened the parlaiment with soldiers at his side, changed the law to allow unlimited presidential periods, fired the supreme court judges.

  2. tldr; El Salvador became the first Bitcoin nation in the world on September 7, 2021. The country has more than 500,000 users of the country’s official wallet. Over 200 Bitcoin ATMs have been deployed in the country to allow the population to come and buy Bitcoin.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Bitcoin is an official currency in El Salvador since September 7, 2021.

    The Bitcoin experiment at the country level is being scrutinized around the world. Many countries are ready to jump on board in the coming months.

    Some were surprised in May 2021 when Nayib Bukele announced his decision to make Bitcoin an official currency in El Salvador. Some must have thought he woke up one morning and decided to adopt Bitcoin. A sort of spur-of-the-moment decision.

    In reality, the real story of Bitcoin’s recognition in El Salvador begins in 2019 at El Zonte, a famous surf spot in El Salvador.

    It was there that the Bitcoin experimentation really started in El Salvador thanks to American Michael Peterson. He decided to start experimenting with Bitcoin among the 3,000 inhabitants of this village without imagining what would happen only two years later.

    In the linked article, I tell you all about it in detail.

What do you think?

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