The Salvador Precedent: Reality

In 2021, El Salvador recognized Bitcoin as legal tender and launched a series of reforms to integrate the first cryptocurrency with the national economy. At that time, experts suggested that this would not lead to significant changes, especially for ordinary citizens, but would become an important precedent for other countries.

According to the President of El Salvador and initiator of blockchain reforms Nayib Bukele, after three years the results of the initiative remain ambiguous:

"Definitely much more could have been done. Bitcoin has not received the widespread adoption we hoped for." According to a survey by the Francisco Gavidia University, 58% of residents of El Salvador support the government's course, but only 7.5% use Bitcoin for transactions.