In a recent interview, Nayib Bukele revealed that the adoption of bitcoin as legal tender has made El Salvador much more attractive to tourists.
According to him, there are many bitcoin enthusiasts who want to travel to a country where bitcoin can be easily paid in any store. In addition, El Salvador often hosts conferences dedicated to the first cryptocurrency, and a large amount of private investment has begun to flow into the country, Bukele said.
The legalization of bitcoin has “rebranded” the country, joked Bukele. A few years ago, this small state was one of the most dangerous places in the world – there were about 103 murders per 100,000 inhabitants.
El Salvador’s political leader has also criticized central banks, including the US Federal Reserve (Fed), saying their policies are “eating away” much of the savings people have accumulated. Therefore, Bukele hopes that Western governments will focus on decentralized financial instruments.
“Bitcoin has the power to eliminate economic disparity, and the flagship cryptocurrency is becoming popular even in countries where it was previously banned. Bitcoin cannot be banned, it cannot be censored,” said the President of El Salvador.
In January, Bukele criticized the media for ignoring El Salvador’s post-Bitcoin gains despite multiple analyst predictions of the country’s bankruptcy.
Source: Bits
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