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🪙 El Salvador and Bitcoin: Location Love, Global Drama
One day in 2021, the president of El Salvador, Nayib Bukele, woke up and thought,
"Why must my people suffer sending money through Western Union, which has cuts similar to mandatory deposits?"
Then the great idea was born:
Bitcoin has become a legal payment instrument!
Not because everyone understands blockchain, but because it's cool and making international news.
📉 "Bitcoin for the People"
The government gives the people the Chivo Wallet app and free $30 Bitcoin.
The people are confused:
"Can this be used to buy rice?"
"No, but it can be used to buy pizza and make Elon Musk tweet."
Some use it for speculation. Others...
directly withdraw cash and buy fried chicken.
And Bitcoin ATMs are starting to appear—because people clearly need education, not machines that can dispense money while malfunctioning.
🎢 "From the Emblem of Independence to the Coin That Can't Be Cashed"
Bitcoin rose for a while → everyone was happy.
Bitcoin briefly fell → everyone blamed global capitalists.
Countries are actually buying Bitcoin again during the downturn. Because as Bukele said:
"Buy the dip, not buy the regret."
People: "Sir, this pothole is not the dip meant..."
💰"Bitcoin City and Dreams in the Midst of Volcanoes"
Bukele continues to promote the idea:
Bitcoin City. A futuristic tax-free city powered by geothermal energy from a volcano.
Because nothing says "economic stability" like building a city from crypto on an active crater.
Investor confused: "Is this a country or a failed NFT start-up?"
But the president remains optimistic, wearing laser eyes on Twitter, like a crypto influencer who just made a profit of $7.
⌛ "2024-2025: Still HODL?"
Now it is the year 2025.
Bitcoin rises to the sky.
El Salvador has not yet settled its foreign debt, but its portfolio is "green," they said.
IMF: "Please, don't buy again."
Bukele: "Hold on, I'm looking for Wi-Fi to buy again."
Did El Salvador succeed with Bitcoin?
It depends on who is talking:
For Bukele: this is a financial revolution.
For the villagers: this is a digital mystery that cannot be exchanged for LPG gas.
For the world: this is the most crypto… eh, crucial national experiment.
Clearly, the world has learned one thing:
Don't mix crypto volatility with Latin American politics... unless you're ready to ride a roller coaster without a seatbelt.