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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

'Moltbook' social media site for AI agents had big security hole, cyber firm Wiz says
US firm Aura to buy Australia's Qoria in $675 million deal, relist on ASX
Erli accuses Allegro of price manipulation in Poland e-commerce
Oracle rises as $50 billion raise eases data-center funding fears
Trendforce sees chip prices surging 90-95% in Q1 from previous quarter
Apple loses more AI researchers and a Siri executive in latest departures
A chatbot entirely powered by humans, not artificial intelligence? This Chilean community shows why
From fear to familiarity: empowering Malaysia's seniors in the digital age
Oracle says it plans to raise up to $50 billion in debt and equity this year
X back up after brief outage hits US users, Downdetector shows

Others Also Read