Under the impetus of President Nayib Bukele, El Salvador became the… — Shepherd Cryptocurrency06 — TG.ME

Under the impetus of President Nayib Bukele, El Salvador became the world's first country to adopt Bitcoin as legal tender last September, and has since made numerous Bitcoin purchases. However, these investments have nearly halved in value, and according to a survey by the National Bureau of Economic Research, the vast majority of local consumers still prefer to use hard currency for payments rather than Bitcoin. Even so, El Salvador's Finance Minister Alejandro Zelaya believes that while the benefits of the Bitcoin policy are not immediately apparent, they are indeed beneficial to the country. He points out that Bitcoin has helped El Salvador provide financial services to a large portion of its unbanked population, while also attracting considerable tourism and investment.