El Salvador's Bitcoin Revolution

This chapter examines El Salvador's historic decision to embrace Bitcoin as legal tender, detailing the swift legislative actions taken and the mixed public reactions. It highlights both the aspirations of the government to boost financial inclusion and attract investment and the skepticism and concerns raised by financial institutions like the World Bank and IMF. Personal anecdotes from Salvadorans illustrate the divide in acceptance and apprehension towards this new digital currency amid economic instability and political challenges.