Bitcoin Adoption In El Salvador Continues To Grow
Jimmy Song shares his perspective on El Salvador's adoption of bitcoin, the housing market and how fiat currencies reduce the quality of life.This is a transcribed version of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Jimmy Song to talk about bitcoin adoption in El Salvador.Watch This Episode On YouTube Or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynTranscript[00:00:06] Q: I'm excited to introduce our guest for today. None other than Jimmy song, Jimmy, thank you for joining us. How goes it? [00:00:14] Jimmy Song: It goes, well, I....
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El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again, taking advantage of the falling price of bitcoin on Wednesday. President Nayib Bukele tweeted: “It was a long wait, but worth it. We just bought the dip.” At the time of writing, the price of bitcoin is $61,129, down from an all-time high of almost $67,000 on Oct. 19 based on data....
The reduction of the remittance cost seems to be the major reason for the adoption of Bitcoin by El Salvador. CABEI has recognized that remittances are a vital feature of El Salvador’s BTC adoption policy. Central American Countries May Adopt Bitcoin After El Salvador Recently, it was reported that the expectations of the RDB (Regional […]
A year after the introduction of bitcoin as legal tender in El Salvador, we can reflect on the stories of those who’ve experienced the adoption firsthand.
The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will “immensely grow” after the bear market.
El Salvador’s President on Bitcoin Investments
The president of El Salvador, Nayib Bukele, has spoken up about bitcoin investments amid BTC’s heavy sell-off.
El Salvador has purchased 2,301 bitcoins since the country made BTC legal tender alongside the U.S. dollar in September last year. With the price of bitcoin plunging, El Salvador’s BTC investment has....
The adoption of bitcoin as legal tender in El Salvador has been one of the biggest events in the cryptocurrency world this year. However, Nayib Bukele, president of the country, has taken a course of action many consider mistaken. In any case, the Bitcoin Law has put Bitcoin in the global spotlight as a potential engine for financial change in the Central American country. Bukele’s Bitcoin Law Barges In When President Nayib Bukele announced he would push to approve a law declaring bitcoin legal tender in El Salvador, he might not have expected to set in motion all of the events....