El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[Lucius]

International politics is very complicated. In making foreign policy every country will first consider national interest, that is what will the country benefit from the relationship with another country. Maybe El Salvador has considered that deepening diplomatic relationships with Russia will be beneficial to the country.

I would rather call that policy dirty and immoral, but such things are always complicated and start from what individual politicians can achieve for themselves in such agreements, and only then what they can achieve for their country. The ES will obviously conclude an agreement with the black devil if it suits them, because dictators get along best with other dictators, right?

Many nations still have houses operational Russian embassies in the country but don't support the war in Ukraine. I stand to be corrected, there are still some members of the European Union that have a close relationship with Russia. So I don't think resuming the relationship means that El Salvador is supporting the war except they make such a declaration. I guess America and its Western ally's support for the war in Gaza that has led to the death of thousands wouldn't be the reason why you will not visit these countries

It's true, but those nations have had embassies in that country for decades, they don't open them at the moment when Russian beasts shoot rockets at children's hospitals and kindergartens and kidnap thousands of children. It is also true that Hungary, as a member of the EU, cooperates with Russia, but as I have already said, dictator Orban feels best in the company of other dictators.

As for Gaza and those who support that massacre, I would not agree that most EU countries support Israel - the biggest support comes from the US and those they pressure to do so. For the majority of normal people in the EU, Israel is no better than Nazi Germany - some would say they learned from the best.

[Aanuoluwatofunmi]

Current Holdings:
U.S. Government: 214,361 BTC
U.K. Government: 61,245 BTC
German Government: 26,686 BTC
El Salvador Government: 5,806 BTC

This got me surprised because even the US government is holding the largest percentage even though they are the ones doing the seizure most and not investing, El-Salvador which is the major investor on bitcoin is considered the fourth position in which i see it not bad as well, what this could tell us more further if we now consider the two occasions is that, governments are having the majority of the people's assets with them in the name of illegal and they seize such for themselves and not for the people, because after all these, the entire money might not be accounted for, isn't it better the US government just adopt bitcoin as a legal tender and things keep on getting better than before.

[As-Soon-As]

Students in 🇸🇻 El Salvador install a #Bitcoin BTC node in their classroom and are celebrated by the school band.

Video link. https://x.com/BitcoinNewsCom/status/1809615079228219427?t=IOgnINvFqpy4-IhsdzRoFw&s=19

There is a lot of bitcoin education being offered in the really awesome country of El Salvador, and the great interest of students in acquiring bitcoin education will further them in the future. Because El Salvador currently stands out among the rest of the world for Bitcoin alone, they are currently self-sufficient in holding updated coins. And massive students are being taught about Bitcoin by various school institutions everywhere, and these kids are getting education about real world information.

[Zanab247]

Students in 🇸🇻 El Salvador install a #Bitcoin BTC node in their classroom and are celebrated by the school band.

Video link. https://x.com/BitcoinNewsCom/status/1809615079228219427?t=IOgnINvFqpy4-IhsdzRoFw&s=19

There is a lot of bitcoin education being offered in the really awesome country of El Salvador, and the great interest of students in acquiring bitcoin education will further them in the future. Because El Salvador currently stands out among the rest of the world for Bitcoin alone, they are currently self-sufficient in holding updated coins. And massive students are being taught about Bitcoin by various school institutions everywhere, and these kids are getting education about real world information.

Been the first country to make BTC legal tender, show that El Salvador BTC education system has produced more impact to BTC users in the country, and it has increase the rate of users in the country because the government set their plan well for the development of the country.

I guess El Salvador is still leading among the governments that made BTC legal tender in their countries, because more foreign investors has show interest in the system El Salvador government has put into law for their people to buy goods and services and pay with BTC, which it has made many companies to introduced that system to their companies in the country and it has made El Salvador country more popular in the world today. Those children they have impacted the knowledge of BTC in El Salvador country, if all those children become president or ministers in the country, they will make sure they expand the BTC education to create more opportunity for the citizens of El Salvador.

[BTC_pokaop]

🇸🇷 Suriname Presidential candidate Maya Parbhoe said she was inspired to run for president because El Salvador’s Nayib Bukele is pro-#Bitcoin 🇸🇻

Other countries are following. Bullish!

https://x.com/BitcoinMagazine/status/1810717924241658006
Incredible!

Germany is selling their #Bitcoin to El Salvador.

https://x.com/maxkeiser/status/1811036545270288404

[wmaurik]

There is a lot of bitcoin education being offered in the really awesome country of El Salvador, and the great interest of students in acquiring bitcoin education will further them in the future. Because El Salvador currently stands out among the rest of the world for Bitcoin alone, they are currently self-sufficient in holding updated coins. And massive students are being taught about Bitcoin by various school institutions everywhere, and these kids are getting education about real world information.

Apart from the interest of students in El Salvador to continue studying and learning about Bitcoin, Nayib Bukele himself is still very enthusiastic about buying Bitcoin every day so that this also continues to spread to many people there because their leaders are still very happy to continue bought Bitcoin even though other countries such as Germany had sold Bitcoin as was reported a few days ago and Nayib Bukele himself also reposted a post from @BitcoinMagazine about this today.

[avp2306]

There is a lot of bitcoin education being offered in the really awesome country of El Salvador, and the great interest of students in acquiring bitcoin education will further them in the future. Because El Salvador currently stands out among the rest of the world for Bitcoin alone, they are currently self-sufficient in holding updated coins. And massive students are being taught about Bitcoin by various school institutions everywhere, and these kids are getting education about real world information.

Apart from the interest of students in El Salvador to continue studying and learning about Bitcoin, Nayib Bukele himself is still very enthusiastic about buying Bitcoin every day so that this also continues to spread to many people there because their leaders are still very happy to continue bought Bitcoin even though other countries such as Germany had sold Bitcoin as was reported a few days ago and Nayib Bukele himself also reposted a post from @BitcoinMagazine about this today.

That show how Bukele being so enthusiastic towards bitcoin and he really show to the world that their country is buying more despite of other one selling it. For sure later on El Salvador will gain all positive benefits and they will be the first one to earn a lot more profits for their investment made.

That's also show how old school the other country leader and their country would be more behind especially if there would be a global boost will happen to bitcoin. Hopefully there would be a Bukele same like attitude leaders will rise in other country, since for sure bitcoin will be more great with their adoption or acceptance made.

[AprilioMP]

Apart from the interest of students in El Salvador to continue studying and learning about Bitcoin, Nayib Bukele himself is still very enthusiastic about buying Bitcoin every day so that this also continues to spread to many people there because their leaders are still very happy to continue bought Bitcoin even though other countries such as Germany had sold Bitcoin as was reported a few days ago and Nayib Bukele himself also reposted a post from @BitcoinMagazine about this today.

Nayib Bukele is different from the others. Out there, even though the country's leaders do not reveal it to the public, they continue to secretly observe the steps taken by El Salvador regarding Bitcoin. Maybe not long ago or still hot news related to Santa Monica, the city in California which opened an official Bitcoin office according to the letter that can be seen here.


source:
bitcoinmagazine.com

I believe that one day everything will turn around and the desire to see 75% of the world's countries can officially use Bitcoin will happen.

[delfastTions]

  I will briefly outline what is currently happening in El Salvador with the issue of Bitcoin.  

  Volcano Energy bonds are not issued because there is no demand for them and real investors prefer ordinary Salvador dollar bonds for which the guaranteed income is higher (~12%) than for the bonds of this project (~6,5%).  In general, everything has been postponed and frozen. The promise to issue these bonds in the 1st quarter of 2024 has not been fulfilled. sourse

  The first public offering of digital debt Assets in Salvador, intended to finance the construction of the Hampton by Hilton hotel at the international airport of El Salvador, it failed even before reaching the minimum expected amount of $500,000, remaining at only $342,000, according to information posted on the website Bitfinex Securities website, the platform on which the tokens were traded. source

  Bitfinex Securities sponsored the “Astana Finance Days 2023” event in the capital of Kazakhstan.  El Salvador's National Commission for Digital Assets (CNAD) and the Astana Financial Services Authority (AFSA), its equivalent in the Kazakh capital, signed a memorandum of understanding in May 2024, the latter organization announced on its website.

   Only eight investors applied for Bitcoin Passports from El Salvador

80% of the bitcoins that Bukele announced he would store in the "vault" came from the Bitfinex wallet. Only 20% of the Bitcoin that was transferred to that address came from the Chivo Wallet ecosystem - 1121BTC. The rest came from the Bitfinex wallet, almost exclusively from one address, which seems to be the center of this activity  companies as exchanges

  The Agency for Bitcoin Funds (AAB), created in 2023, increased its budget by $15.96 million and now has an allocation of $29.03 million, according to the Treasury Department's Fiscal Transparency.
  AAB is distinct from the National Bitcoin Office, led by Americans Max Keyser and Stacy Herbert.  The adopted digital assets law gives AAB the official status of the head of government agencies in the bitcoin field and allows the opening of “bitcoin embassies” in other countries.
  The President of the Agency is Nina Bardi.  Until November 2023, she was Deputy Director of the National Agency for Development and Design.  According to an article in the El Faro newspaper, this office (created under the President of the Republic) is headed by David Rivard, a US Army veteran and construction businessman who claims to have been the best friend of Armando Bukele Cattan, the father of Nayib Bukele, who died in 2015. source


As it turned out, the process of introducing Bitcoin into mass use turned out to be quite difficult, as the experience of El Salvador and a number of failures of new projects shows us.  But we all must take into account that El Salvador is a pioneer in this matter and this development of events is expected and simply must be passed through.

[As-Soon-As]

NEW: Students in 🇸🇻 El Salvador learning about elliptic-curve cryptography 🙌here

The people of El Salvador are certainly aware of various technologies.