Analysis-Amid Bukele's bitcoin hype, not all Salvadorans 'Feel the Bit'


FILE PHOTO: El Salvador's president Nayib Bukele speaks at the closing party of the “Bitcoin Week” where he announced the plan to build the first "Bitcoin City" in the world, in Teotepeque, El Salvador November 20, 2021. REUTERS/Jose Cabezas

SAN SALVADOR (Reuters) - El Salvador's President Nayib Bukele took the stage last weekend at the end of "Bitcoin Week" to the cheers of fans delighted his Central American country has become the first to adopt crypto currency as legal tender, alongside the U.S. dollar.

Bukele, 40, wearing his signature backwards baseball cap, referred to himself as a "savior" as he unveiled plans to build "Bitcoin City" at the base of the Conchagua volcano overlooking the Pacific.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Samsung faces Pakistan smartphone shortage after winning debut
Athletic director used AI to frame principal with racist remarks in fake audio clip, US police say
US reinstates open Internet rules rescinded under Trump
L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions
Microsoft results top Wall Street targets, driven by AI investment
Health conglomerate Kaiser notifies millions of a data breach
Google parent announces first-ever dividend; beats on sales, profit; shares soar
Intel forecast misses estimates; shares tumble
T-Mobile raises forecast for subscriber additions on strength from bundled plans
Snap beats first-quarter expectations, shares jump 25%

Others Also Read