According to Wu, El Salvador’s President Nayib Bukele said in an interview with Time magazine that the country’s Bitcoin strategy is overall a “net positive,” but Bitcoin’s adoption rate across the country has not met expectations.
Nayib Bukele believes that Bitcoin has brought "branding, investment and tourism" to El Salvador, and its positive impact outweighs the negative impact.
Nayib Bukele also noted that El Salvador currently holds about $400 million in Bitcoin in “public wallets.”
