24. SPECIAL FEATURE: ‘El Salvador's Bitcoin Experiment’ from Nothing is Foreign

Jul 19, 2022

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INSIGHT

Bukele's Bold Bitcoin Vision

President Nayib Bukele's Bitcoin adoption aims to modernize El Salvador's economy.
Despite the vision, the move faces real challenges and international pushback.

INSIGHT

Bitcoin Law Passed Hastily

The Bitcoin law passed rapidly without broad public discussion.
It forces acceptance of Bitcoin alongside the US dollar as legal tender.

ANECDOTE

Local Skepticism of Bitcoin

A rural grocer rejected Bitcoin due to price volatility and business harm.
Many locals remain confused or distrustful of Bitcoin in daily life.

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