Analysis-Amid Bukele's bitcoin hype, not all Salvadorans 'Feel the Bit'


FILE PHOTO: El Salvador's president Nayib Bukele speaks at the closing party of the “Bitcoin Week” where he announced the plan to build the first "Bitcoin City" in the world, in Teotepeque, El Salvador November 20, 2021. REUTERS/Jose Cabezas

SAN SALVADOR (Reuters) - El Salvador's President Nayib Bukele took the stage last weekend at the end of "Bitcoin Week" to the cheers of fans delighted his Central American country has become the first to adopt crypto currency as legal tender, alongside the U.S. dollar.

Bukele, 40, wearing his signature backwards baseball cap, referred to himself as a "savior" as he unveiled plans to build "Bitcoin City" at the base of the Conchagua volcano overlooking the Pacific.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Exclusive-Microsoft works to add non-OpenAI models into 365 Copilot products, sources say
Google's proposed search result changes get thumbs up from EU airlines
Polish e-commerce Allegro's unit sues Alphabet for $568 million
Elon Musk's X lifts price for premium-plus tier to pay creators
US crypto industry eyes possible day-one Trump executive orders
Britannica didn’t just survive. It’s an AI company now
'Who's next?': Misinformation and online threats after US CEO slaying
What is (or was) 'perks culture’?
South Korean team develops ‘Iron Man’ robot that helps paraplegics walk
TikTok's rise from fun app to US security concern

Others Also Read