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Sep 10, 2021 6 min read

Can El Salvador's #BitcoinDay Be the Saviour of Bitcoin?

Can El Salvador's #BitcoinDay Be the Saviour of Bitcoin?
Photo by Ricardo Ardon / Unsplash

Wiser! #33 (Premium): El Salvador are the first nation in the world to adopt Bitcoin as legal tender. It's a gamble for President Bukele, but will it pay off?

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El Salvador Goes All-In On Bitcoin

Twenty years ago, El Salvador adopted the US Dollar as its official currency. This week, they added Bitcoin as legal tender alongside it.

This is historic because it means that the cryptocurrency has become legal tender for the first time anywhere in the world.

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