The latest Bitcoin revolutionary is the President of El Salvador after yesterday, who pleasantly shocked everyone when he stated in his speech at a conference in Miami that he wanted to introduce Bitcoin as legal tender.
Nayib Bukele defended his decision with several findings, which he also published on his social network, including the consideration that with the current Bitcoin market cap, it would be enough to invest only 1% of this circulation in El Salvador, which would increase the country's GDP by 25 %.
The President of El Salvador, on the other hand, notes that Bitcoin can also acquire a base of new users, specifically up to 10 million people.
Nayib Bukele also has no doubt that Bitcoin, as legal tender, will improve the lives and future of millions of people, as he said on Twitter.
Besides, a big chunk of those 6 billion dollars is lost to intermediaries.
— Nayib Bukele 🇸🇻 (@nayibbukele) June 6, 2021
By using #Bitcoin, the amount received by more than a million low income families will increase in the equivalent of billions of dollars every year.
This will improve lives and the future of millions.
However, the adaptation of Bitcoin in this country is far from just starting now. El Salvador is the first country to boast the Bitcoin Beach project. Bitcoin Beach is a place that has been creating a sustainable Bitcoin Economic ecosystem on the coast of El Salvador for a year and a half.
