El Salvador was the first country to adopt Bitcoin as legal tender in September 2021, but it has faced criticism from the International Monetary Fund, which has called for a reduction in Bitcoin use and increased regulation. El Salvador currently holds 5,892 Bitcoin, and while President Bukele has acknowledged the lack of mass adoption, there are ongoing dialogues with the IMF. El Salvador’s experience demonstrates the challenges countries face in adopting digital currencies, and their potential impact on the global future of these currencies.
