đ **El Salvador's Bitcoin Journey: A Bold Move or a Risky Gamble?** đ
El Salvador's President Nayib Bukele defends his nation's pioneering decision to adopt Bitcoin as legal tender, emphasizing its impact on global image and economic opportunities. Despite skepticism and limited domestic adoption, Bukele claims Bitcoin has boosted tourism and investments.
Key Points:
- El Salvador adopted Bitcoin in Sept 2021 to enhance financial inclusion.
- The Chivo Wallet was introduced, offering $30 in free BTC to users.
- Critics, including the World Bank, warn of Bitcoin's volatility risks.
- Bukele remains committed, viewing Bitcoin as a tool for economic innovation.
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