Nayib Bukele announces Bitcoin prescription for El Salvador: 1 BTC a day
1 min read
As the world’s first nation to adopt Bitcoin (
Cointelegraph reporter Joe Hall is currently on the ground in El Salvador and only surviving on BTC. Some early updates from Hall suggest that BTC is accepted at the majority of tourist spots, but mobile applications and services need more refinement.
Lunch yday afternoon at El Navegante
HUGE sign: #Bitcoin accepted here ??
Waiter is wearing a @Strike t-shirt, chef is wearing a Strike hat (srsly).
Tried to pay the bill. Waiter spends 15 mins looking for PoS.
He gets his neighbour to fire up Chivo so I can pay ??? pic.twitter.com/9HaHG8qclQ
— Joe Nakamoto (@JoeNakamoto) November 14, 2022
El Salvador’s BTC adoption might not look very promising at the moment due to the intense crypto winter. However, looking at the Bitcoin price cycle history, the nation can easily offset its losses in the next bull cycle by simply holding onto its BTC purchase.
