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

[hero_the_bossman]

Let me also add this by saying that gone are the days the bigger countries lead and others follow, but now, life is an express way, overtaking is allowed, once you see an opportunity and others are not seeing same, it is more better and the earlier the better one seek to take advantage of that opportunity for a change they deserve, we should stop the era of depending on what others says or dictate for us before we can use our own perception to determine or judge on what is going on that we have seen as an opportunity which others don't, just as we saw with El-Salvador.

We should analyze things ourselves, and then depending on the outcomes of such an analysis, we need to act up.

And I don't think we can stop depending on others and on info sources - they shape the sentiment and keep piling up on one another

[Fiatless]

Coboplus Apply link:


Once again, Econ has a great opportunity for students to study Coboplus, they will basically take it through online application, here it is open for everyone to participate. So at present, the government of El Salvador, Nayib Bukele, has made arrangements for training the people of his country in every way.
It is truly amazing because he wants to take his country forward in different ways, he is aware that his people should not lag behind in any place. That is why El Salvador is quickly able to stand in front of the whole world.

Each of the few instructors here is highly experienced in Bitcoin.

I have heard comments where people say that because El Salvador took the IMF, the Bitcoin project has failed. But that's not the case. The Bitcoin project is still ongoing and educating the people is another important part of the project. By enrolling the people in this course, they are been prepared to take advantage of available opportunities in the Bitcoin ecosystem to better their lives. I like the fact that people are gaining more and more knowledge about the Bitcoin industry which might lead to creativity and innovation in the country.  

[Popkon6]

Coboplus Apply link:


Once again, Econ has a great opportunity for students to study Coboplus, they will basically take it through online application, here it is open for everyone to participate. So at present, the government of El Salvador, Nayib Bukele, has made arrangements for training the people of his country in every way.
It is truly amazing because he wants to take his country forward in different ways, he is aware that his people should not lag behind in any place. That is why El Salvador is quickly able to stand in front of the whole world.

Each of the few instructors here is highly experienced in Bitcoin.

I have heard comments where people say that because El Salvador took the IMF, the Bitcoin project has failed. But that's not the case. The Bitcoin project is still ongoing and educating the people is another important part of the project. By enrolling the people in this course, they are been prepared to take advantage of available opportunities in the Bitcoin ecosystem to better their lives. I like the fact that people are gaining more and more knowledge about the Bitcoin industry which might lead to creativity and innovation in the country.  

Yes, but what I see in this picture is that here, experienced people will start teaching about Bitcoin, where before they had provided education to all people from schools and colleges and youth to adults and they have completed the course there too. Nayib Bukele has provided education to the people of his country about any kind of Bitcoin, you heard wrong, Bitcoin is not failing in El Salvador. Rather, it is being able to take it to the peak of more progress, with advanced education and various techniques and courses completed, different students are teaching more different people.
 Shoulder to shoulder with each other, everyone is moving towards Bitcoin education and the people of the country are now getting a touch of more modernity, those who are receiving education will definitely be ready to reach advanced activities and will make the country's Bitcoin education reach the highest success among the people.

[avp2306]

By the way, I am witnessing another important step in El Salvador right now, which is the launch of a Bitcoin diploma program in their public high school. 280 students have already been admitted here.

Not many have education in the field of blockchain technology. I think it's a good step, not only giving direct adoption but education is a good step. The blockchain brought does not only make you rich, but the technology is able to benefit the progress of the industry in El Salvador.

Although there is a lot of news about the weakening of the payment system that no longer requires Bitcoin, the written law has written that Bitcoin can still be used, but not mandatory. It seems that this school is also part of an effort to make the country understand Bitcoin and its future Bitcoin will be used as a payment for more people. 

I believe Bukele is smart, he sticks to his vision. Making Bitcoin a strategic proposal of the country. I see his efforts to make Bitcoin more widely used as well as continue to change. So the launch of this diploma program is part of the Bitcoin adoption update.

That's why they come up with that idea to educate people about Bitcoin. This is really nice approach since by having that education for sure that it could lead to something positive about their future adoption including the another future implementation of Bitcoin to became a legal tender in their country again. Although for now they failed but its expected since not everyone in their country is knowledgeable enough to know and understand Bitcoin in short period of time.

Also there's no big effect happen after they cancel out their legal tender law on Bitcoin since as said for many times and I read it here at least they didn't stop and still they continue buy then add more volume on their reserve.

But with this effort made by Bukele and insert it to their education system for sure that everything will be in good place. Bukele is really a smart leader with these plans they do he make their younger generation to became more knowledgeable about Bitcoin.

[Davided80]

Top 15 Attractions in El Salvador 🇸🇻:

1. Lake Coatepeque
2. El Rosario Church
3. Joya de Cerén Archaeological Site
4. Metropolitan Cathedral
5. National Theater of El Salvador
6. El Boquerón National Park
7. Cerro Verde National Park
8. National Palace
9. Santa Ana Volcano
10. Devil's Door
11. Monument of the Divine Savior of the World
12. Santa Ana National Theater
13. Santa Ana Cathedral
14. Suchitoto
15. Izalco Volcano
If these aspects can be controlled well, then we can move forward towards development.

https://x.com/stats_feed/status/1907848071502844301?t=sHJT9fpctmo8FC3szDWhWw&s=19

[Dark.Look]

Nayib Bukele is known and famous for his action about Bitcoin in this country. When bitcoin was trading at low prices, Nayib Bukele trusted in and he made it legal in El Salvador. I think  Nayib Bukele is a smart man because El Salvador is not a rich country, and they don't have a good economic system, which made their people ad recently.
But Nayib Bukele even bought bitcoins and tried to save El Salvador with bitcoin
Now, since the price of bitcoin is higher than old days, Nayib Bukele is happy because of making this decision for his country.

[LDL]

Nayib Bukele is known and famous for his action about Bitcoin in this country. When bitcoin was trading at low prices, Nayib Bukele trusted in and he made it legal in El Salvador. I think  Nayib Bukele is a smart man because El Salvador is not a rich country, and they don't have a good economic system, which made their people ad recently.
But Nayib Bukele even bought bitcoins and tried to save El Salvador with bitcoin
Now, since the price of bitcoin is higher than old days, Nayib Bukele is happy because of making this decision for his country.

El Salvador President Nayib Bukele had no obstacles in declaring Bitcoin as legal tender, with over 70% of the votes in parliament in favor of it. In a vote of 84 in Parliament, 62 voted in favor of Bitcoin, 19 voted against Bitcoin, and three abstained. When Bitcoin was declared the reserve currency of El Salvador and declared legal tender on September 25, 2021, it simultaneously declared both the US dollar and the Salvadoran colon as legal tender. However, after the president recognized Bitcoin as legal currency, he announced that his country would purchase one Bitcoin every day, and in order to implement that slogan, El Salvador is constantly purchasing one Bitcoin. EL Salvador currently has 6123 Bitcoins in its reserves.

[G_Besar]

Nayib Bukele is known and famous for his action about Bitcoin in this country. When bitcoin was trading at low prices, Nayib Bukele trusted in and he made it legal in El Salvador. I think  Nayib Bukele is a smart man because El Salvador is not a rich country, and they don't have a good economic system, which made their people ad recently.
But Nayib Bukele even bought bitcoins and tried to save El Salvador with bitcoin
Now, since the price of bitcoin is higher than old days, Nayib Bukele is happy because of making this decision for his country.

Nayib Bukele is really like a savior for the country of El Salvador because all the authorities there are always willing to support the breakthroughs he made to improve the economic side of the country of El Salvador even though his quite famous steps began with adopting Bitcoin and making it an important asset for the country of El Salvador. While for other things are also deployed slowly such as improving education and also places that can be used as tourist attractions so that it can also encourage economic growth and income for the people of El Salvador themselves.

[arwin100]

Nayib Bukele is known and famous for his action about Bitcoin in this country. When bitcoin was trading at low prices, Nayib Bukele trusted in and he made it legal in El Salvador. I think  Nayib Bukele is a smart man because El Salvador is not a rich country, and they don't have a good economic system, which made their people ad recently.
But Nayib Bukele even bought bitcoins and tried to save El Salvador with bitcoin
Now, since the price of bitcoin is higher than old days, Nayib Bukele is happy because of making this decision for his country.

El Salvador President Nayib Bukele had no obstacles in declaring Bitcoin as legal tender, with over 70% of the votes in parliament in favor of it. In a vote of 84 in Parliament, 62 voted in favor of Bitcoin, 19 voted against Bitcoin, and three abstained. When Bitcoin was declared the reserve currency of El Salvador and declared legal tender on September 25, 2021, it simultaneously declared both the US dollar and the Salvadoran colon as legal tender. However, after the president recognized Bitcoin as legal currency, he announced that his country would purchase one Bitcoin every day, and in order to implement that slogan, El Salvador is constantly purchasing one Bitcoin. EL Salvador currently has 6123 Bitcoins in its reserves.

Actually there's so many legal challenges that he need to face especially that Bitcoin is not widely recognize as currency. That's why many got surprise about their decision including the IMF about making Bitcoin as their legal tender.

And even other say that its a failed experiment to them still they gain a lot from their adoption made on Bitcoin since they leave a huge mark on investment scene.They are still bullish until now with Bitcoin and that's huge reward for their efforts made. Also look at the positive thing happened to El Salvador since Bitcoin bring branding,investment and tourism as what that article said. So overall they win on that matter and this is what those haters missed when they didn't adopt Bitcoin.

[LDL]

Actually there's so many legal challenges that he need to face especially that Bitcoin is not widely recognize as currency. That's why many got surprise about their decision including the IMF about making Bitcoin as their legal tender.

And even other say that its a failed experiment to them still they gain a lot from their adoption made on Bitcoin since they leave a huge mark on investment scene.They are still bullish until now with Bitcoin and that's huge reward for their efforts made. Also look at the positive thing happened to El Salvador since Bitcoin bring branding,investment and tourism as what that article said. So overall they win on that matter and this is what those haters missed when they didn't adopt Bitcoin.

The current crypto manipulation will have a major impact on El Salvador's Bitcoin adoption, especially as the IMA continues to pressure El Salvador to withdraw Bitcoin as legal tender, although the El Salvadoran president has repeatedly rejected that pressure. There could be many reasons why Bitcoin failed in El Salvador. Possible reasons are listed below.

Even though President El Salvador has recognized Bitcoin as legal tender, people are not interested in using Bitcoin against the dollar. In fact, most people are still using the dollar. One of the reasons for this is the instability in the Bitcoin market.

Moreover, the version of Chivo wallet that has been developed for El Salvador has cybersecurity risks and there have been several hacking incidents, which has made the people of El Salvador unable to trust these wallets.

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin. Therefore, even though El Salvador recognizes Bitcoin as legal tender, it has faced difficult challenges in terms of adaptation. If El Salvador fails in Bitcoin adaptation, it will definitely have to be held accountable to the IMF.

[JayJuanGee]

Actually there's so many legal challenges that he need to face especially that Bitcoin is not widely recognize as currency. That's why many got surprise about their decision including the IMF about making Bitcoin as their legal tender.

And even other say that its a failed experiment to them still they gain a lot from their adoption made on Bitcoin since they leave a huge mark on investment scene.They are still bullish until now with Bitcoin and that's huge reward for their efforts made. Also look at the positive thing happened to El Salvador since Bitcoin bring branding,investment and tourism as what that article said. So overall they win on that matter and this is what those haters missed when they didn't adopt Bitcoin.

The current crypto manipulation will have a major impact on El Salvador's Bitcoin adoption, especially as the IMA continues to pressure El Salvador to withdraw Bitcoin as legal tender, although the El Salvadoran president has repeatedly rejected that pressure. There could be many reasons why Bitcoin failed in El Salvador. Possible reasons are listed below.

Even though President El Salvador has recognized Bitcoin as legal tender, people are not interested in using Bitcoin against the dollar. In fact, most people are still using the dollar. One of the reasons for this is the instability in the Bitcoin market.

Moreover, the version of Chivo wallet that has been developed for El Salvador has cybersecurity risks and there have been several hacking incidents, which has made the people of El Salvador unable to trust these wallets.

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin. Therefore, even though El Salvador recognizes Bitcoin as legal tender, it has faced difficult challenges in terms of adaptation. If El Salvador fails in Bitcoin adaptation, it will definitely have to be held accountable to the IMF.

You are presuming that bitcoin failed in El Salvador, yet bitcoin is still able to be transacted freely in El Salvador without hostilities.  Sure there may be some areas in which bitcoin is not actually being transacted in El Salvador (cannot be accepted for tax purposes, for example, and cannot mandate that merchants require bitcoin to be accepted, which truly seems to negate bitcoin as being actually legal tender), yet the government of El Salvador continues to not be hostile to bitcoin, and they continue to have programs that teach bitcoin and promote bitcoin while the government itself continues to stack bitcoin (1 bitcoin per day or some variations of that amount). 

There does seem to be some ambiguity in regards to how much the IMF and El Salvador are going to continue to battle about the topic of bitcoin, and if the IMF might be proclaiming El Salvador to not be in compliance with loan terms, in which the IMF is proclaiming that parts of the terms of the loans continues to be that El Salvador discontinue promoting bitcoin in various ways and some of this continues to be ambiguos in regards to whether and/or how El Salvador will comply with the IMF and several of the purported loan terms.. and there may also be disputes in regards to the extent to which the parties agree that there is or there is not compliance with the loan terms. 

I doubt that bitcoin in El Salvador is a failure merely because the IMF continues to pressure El Salvador in a variety of ways, including being public about the various pressures, and yeah it seems that El Salvador might have conceded too much in some of the loan terms, to the extent that El Salvador might not have had been able to get loans outside of the IMF... I think that we have discussed several times that El Salvador is not exactly resource rich in terms of being able to generate income through various natural resources, which surely weakens their bargaining position..since the building up of debt happens over many administrations and through many years, so it can take time to pay off loans or roll over into new loans to extent the paying off period. 

[Ruhila7]

That's how it is! This announcement was left for the end of the 2021 Bitcoin Conference with the participation of Jack Mallers.
Among the most impressive that helped me understand why bitcoin will be the currency that will lead the country of El Salvador is this.

"Over 70% of the active population of El Salvador doesn't have a bank account. They're not in the financial system." -Jack Mallers

https://twitter.com/TheBitcoinConf/status/1401279373223866369?s=19

At the conference the president of El Salvador makes the announcement.

President of El Salvador, Nayib Bukele: "Next week I will send to congress a bill that will make #bitcoin a legal tender."

https://twitter.com/BitcoinMagazine/status/1401279550538108933?s=19

El slavedar is small county and that's why it's not big impact on crypto as I think. If there are 1.5 billion people that are not crypto than it will be good for crypto community. So let's hope for the best.

[As-Soon-As]

Now accepting applications for our brand new education program: @cubo_ai
Open to the best & brightest in El Salvador who want to learn all about artificial intelligence, robotics & more from the top names in the industry.
Apply before 11 April to join our inaugural class!



Source link: https://x.com/stacyherbert/status/1909039497641177399?t=PgqXcM61fKuiD7gx8XOMHQ&s=19



There is another good news for the people of El Salvador, those who want to gain knowledge about robotics and artificial intelligence can definitely join this class. I think it is very important to join here to make life better and more comfortable and to move towards further progress with Bitcoin. Nayib Bukele is constantly taking all kinds of initiatives to educate the people more for the people of El Salvador, I think it is very lucky to have this kind of education opportunity.
This opportunity must be taken by April 11th, I think all Bitcoin-centered students can play a role in taking the opportunity.

[arwin100]

Actually there's so many legal challenges that he need to face especially that Bitcoin is not widely recognize as currency. That's why many got surprise about their decision including the IMF about making Bitcoin as their legal tender.

And even other say that its a failed experiment to them still they gain a lot from their adoption made on Bitcoin since they leave a huge mark on investment scene.They are still bullish until now with Bitcoin and that's huge reward for their efforts made. Also look at the positive thing happened to El Salvador since Bitcoin bring branding,investment and tourism as what that article said. So overall they win on that matter and this is what those haters missed when they didn't adopt Bitcoin.

The current crypto manipulation will have a major impact on El Salvador's Bitcoin adoption, especially as the IMA continues to pressure El Salvador to withdraw Bitcoin as legal tender, although the El Salvadoran president has repeatedly rejected that pressure. There could be many reasons why Bitcoin failed in El Salvador. Possible reasons are listed below.

Even though President El Salvador has recognized Bitcoin as legal tender, people are not interested in using Bitcoin against the dollar. In fact, most people are still using the dollar. One of the reasons for this is the instability in the Bitcoin market.

Moreover, the version of Chivo wallet that has been developed for El Salvador has cybersecurity risks and there have been several hacking incidents, which has made the people of El Salvador unable to trust these wallets.

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin. Therefore, even though El Salvador recognizes Bitcoin as legal tender, it has faced difficult challenges in terms of adaptation. If El Salvador fails in Bitcoin adaptation, it will definitely have to be held accountable to the IMF.

Actually they already reverse their decision for making Bitcoin as Legal tender since this is what condition has been asked by IMF so that their loan will be granted.

Somehow I expect people will be skeptical since this is new to them. But El Salvador government has exert lots of effort to educate their public servants https://news.bitcoin.com/el-salvador-to-educate-80000-public-servants-on-bitcoin/ to get more knowledge about Bitcoin.

Also they bring or add Bitcoin education on public schools. This efforts would provably bring positive result to their country since by the actions made by their government under Bukele's administration for sure there's lots of people would become more knowledgeable about Bitcoin.

Maybe for now they failed on their legal tender implementation. But for other things? I guess not, since Bitcoin is still used by people although its optional.

[tinus42]

Is it true that Max Keiser now is a Salvadoran citizen and works for the government? I used to watch him on RT a lot but lost track of him when RT got banned following Russia's invasion of Ukraine in 2022.

[Sonia_123]

Actually there's so many legal challenges that he need to face especially that Bitcoin is not widely recognize as currency. That's why many got surprise about their decision including the IMF about making Bitcoin as their legal tender.

And even other say that its a failed experiment to them still they gain a lot from their adoption made on Bitcoin since they leave a huge mark on investment scene.They are still bullish until now with Bitcoin and that's huge reward for their efforts made. Also look at the positive thing happened to El Salvador since Bitcoin bring branding,investment and tourism as what that article said. So overall they win on that matter and this is what those haters missed when they didn't adopt Bitcoin.

The current crypto manipulation will have a major impact on El Salvador's Bitcoin adoption, especially as the IMA continues to pressure El Salvador to withdraw Bitcoin as legal tender, although the El Salvadoran president has repeatedly rejected that pressure. There could be many reasons why Bitcoin failed in El Salvador. Possible reasons are listed below.

Even though President El Salvador has recognized Bitcoin as legal tender, people are not interested in using Bitcoin against the dollar. In fact, most people are still using the dollar. One of the reasons for this is the instability in the Bitcoin market.

Moreover, the version of Chivo wallet that has been developed for El Salvador has cybersecurity risks and there have been several hacking incidents, which has made the people of El Salvador unable to trust these wallets.

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin. Therefore, even though El Salvador recognizes Bitcoin as legal tender, it has faced difficult challenges in terms of adaptation. If El Salvador fails in Bitcoin adaptation, it will definitely have to be held accountable to the IMF.

Actually they already reverse their decision for making Bitcoin as Legal tender since this is what condition has been asked by IMF so that their loan will be granted.

Somehow I expect people will be skeptical since this is new to them. But El Salvador government has exert lots of effort to educate their public servants https://news.bitcoin.com/el-salvador-to-educate-80000-public-servants-on-bitcoin/ to get more knowledge about Bitcoin.

Also they bring or add Bitcoin education on public schools. This efforts would provably bring positive result to their country since by the actions made by their government under Bukele's administration for sure there's lots of people would become more knowledgeable about Bitcoin.

Maybe for now they failed on their legal tender implementation. But for other things? I guess not, since Bitcoin is still used by people although its optional.

The reversal of their legal tender, is mere words in other to accept the condition given to them by IMF not in action, after the acceptance has El Salvador not been accumulating Bitcoin, what about other Bitcoin projects he has been launching various projects and programmes and opening such as school and others, what about the inclusion of robotic and Artificial intelligence added in their classes in other to expose his citizens to Bitcoin and it's important and benefits to individuals,country and the world at large .
Salvadoran's not fully using Bitcoin is not a problem because in time to come they will, and that is why their President is taking his time to educate and create awareness for them .
Bukele know what he his doing, he his gradually circulating Bitcoin knowledge in the country and that is why the present condition of IMF does not shake him at all because at the end of the day he will have a lot of supporters that will stand by him in his stand on Bitcoin and that is why he his still buying Bitcoin because IMF is only there to make their money for themselves and that is why he his adamant to their condition.

[wavessurfing]

Is it true that Max Keiser now is a Salvadoran citizen and works for the government? I used to watch him on RT a lot but lost track of him when RT got banned following Russia's invasion of Ukraine in 2022.

not sure, but probable for me.

[Cossyblack]

While major countries in the world have not legalized Bitcoin, the small Latin American country of El Salvador has recognized Bitcoin as legal currency.
There are some arguments that can be made regarding the legality of Bitcoin in El Salvador.

Since El Salvador does not have its own currency, they wanted to reduce their dependence on the dollar by relying on Bitcoin, which is why El Salvador was the first to take a risk on the legitimacy of Bitcoin, something that other countries considered risky.

Moreover, one of the main sources of income for El Salvador is remittances sent by El Salvadorans living in the United States. If remittances can be sent through Bitcoin, it will be much less complicated and costly. This decision is the reason why El Salvador legalized Bitcoin.

The President of El Salvador took a far-sighted view, considering that 70% of his country's population uses mobile phones and does not have bank accounts. If Bitcoin were to be legalized there and a government wallet, the "Chivo wallet", was launched, most citizens would transact Bitcoin through wallets instead of banks. From this perspective, he made a groundbreaking decision regarding the acceptance of Bitcoin, which the major countries of the world did not dare to do.

We will see how his legacy will be remembered in the end, but I do think it will be a fond one.

Even with IMF on their tail all the time.

El Salvador should seek financial assistance from China  since the terms and conditions given to them by the IMF is not favorable and has been difficult for them to maintain.El Salvador and China have a strong bilateral ties even having Embassies in both countries. I can still remember when the Chinese government willingly offered financial assistance to El Salvador which their ignore. China has been a bigger player and has contributed immensely to the development of El Salvador . I think El Salvador should re consider taking loans from China as their interest fees is low compared to the IMF .

Recently El Salvador bought additional BTC to their reserve here
Nayib Bukele should continue to invest in BTC because the rewards in the future will be profitable and would contribute to the country financial system.

[Just Say]

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin.

I think it won't take long for most people in El Salvador to become as knowledgeable about Bitcoin as possible because they have a variety of programs in their hands to accomplish this task. Even then they will have the most influence in the case of Bitcoin because they were the first to legalize it and you will see that the Bitcoin program in schools in El Salvador never stops.

Recently we can see that a leading crypto exchange Bitget has already been granted approval in El Salvador, It is also observed that DASP and BSP have also been approved. Everyone thinks that through this exchange, everyone in that country will be able to receive crypto services.

Bitget secures full crypto licence in El Salvador

[Nothingtodo]

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin.

I think it won't take long for most people in El Salvador to become as knowledgeable about Bitcoin as possible because they have a variety of programs in their hands to accomplish this task. Even then they will have the most influence in the case of Bitcoin because they were the first to legalize it and you will see that the Bitcoin program in schools in El Salvador never stops.

Recently we can see that a leading crypto exchange Bitget has already been granted approval in El Salvador, It is also observed that DASP and BSP have also been approved. Everyone thinks that through this exchange, everyone in that country will be able to receive crypto services.

Bitget secures full crypto licence in El Salvador

The Bybit exchange hacking incident a few days ago has created a kind of uncertainty and loss of trust in centralized exchanges among people. Moreover, no matter how much we think about it, the people of Salvador are losing faith in the Central Exchanges, including the Chivo wallet. After the massive liquidation in the crypto market right now, people in any country will lose some confidence in Bitcoin. Will the people of El Salvador be an exception?