The founder of the Salvadoran #Bitcoin in. The President of El Salvador Nayib Bukele made history by becoming the first head of state to allow the adoption of Bitcoin (BTC) as legal tender, on September 7, 2021. This year 2023 will, like the two previous , was rich in evidence of the Salvadoran president's unwavering support for the king of crypto-assets. Here is a quick recap of Nayib Bukele’s (almost) past year in the cryptosphere.
SOON A 4TH YEAR WITH BITCOIN AS THE NATIONAL CURRENCY IN EL SALVADOR
Before talking about the achievements and advances of this past year, let's briefly touch on where the great adventure between Nayib Bukele and Bitcoin began: in 2021. The president of El Salvador caused a sensation in June of that year, announcing that he and his government planned to adopt Bitcoin as the country's currency, alongside the US dollar (the latter having imposed itself by force, due to repeated periods of hyperinflation of the country's former fiat currency, the Salvadoran colón).
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After the approval of Salvadoran legislators, and despite (very) strong hostility from supranational institutions, the “Ley Bitcoin” (Bitcoin Law) finally came into force on September 7, 2021. With the end of 2023, it is therefore the 3rd year where Bitcoin is doing very well as the currency of an entire country. The king of cryptos’ monetary trial by fire is made thanks to El Salvador and Nayib Bukele!
