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


FILE PHOTO El Salvadors president Nayib Bukele speaks at the closing party of the ldquoBitcoin Weekrdquo where he announced the plan to build the first quotBitcoin Cityquot in the world in Teotepeque El Salvador November 20 2021. REUTERSJose Cabezas

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.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In