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

[abaeze]

One beautiful thing about this is the fact that these students are not just thought about Bitcoin but also learning about the Blockchain technology using Bitcoin as a case study, just imagine the number of students who may end up developing interests on this field.

Applied knowledge is power and El Salvador are not slacking off or just moving with trends aimlessly.

One thing I truly love about El savador is the fact that they use every single opportunity they have to improve their country and make it somewhat related to bitcoin.. I assume they just wanted to do regular renovations in these schools and thought why not incorporate bitcoin as well into learning. Though Im not even surprised because elsavador has been a good follow up when it comes to bitcoin.  One every aspect of their country they have made sure bitcoin is a part and that's a good thing.. I really which some country would see how beautiful the technology is and look at way in which they can use bitcoin to further improve themselves..

El Salvador is integrating Bitcoin into every sector of their country's development, as we mentioned a few days ago, with the country's GDP growing by four percent this year and Bitcoin being behind this growth. They are also currently making it mandatory for all high schools in their country to teach students about Bitcoin, and they are integrating this digital gold into the educational framework. Even before this move, they had another move that El Salvador's Ministry of Education would launch a Bitcoin curriculum for young students but I am now noticing that their Bitcoin education has reached high schools, although it was previously limited to students aged seven to thirteen.

And to my knowledge this was their previous move where they wanted to teach Bitcoin to young students. https://www.nasdaq.com/articles/el-salvadors-ministry-education-launch-educational-bitcoin-curriculum-young-school

If we look at these steps by El Salvador from a balanced and realistic perspective, we can see the positive aspects of Bitcoin. Their far-reaching and long-term thinking sees Bitcoin not just as an investment or a speculation, but as part of the economy, technology and financial literacy. In my opinion, making Bitcoin education mandatory at the school, college or university level in all countries of the world means that they should not only use Bitcoin for investment but also for its practical use at every stage of life, like a basic need.

[Amphenomenon]

-Snip-

I haven't been following up here but this is a good read, an improved compliance is being made.

If Bitcoin can be announced a legal tender in a country like El-Salvador, then teaching not in schools shouldn't be a thing of worry, because it's part of their main payments system and currency, which they supported and the people see it the same way they are learning finance and commerce in schools, the government therein is trying and putting so much efforts in making Bitcoin everyone's interest of adopting and use through various initiatives.

They implementing this wasn't something to worry about, it rather shows how innovative they are since their decision to announced Bitcoin as a legal tender, they are not just moving by the trend but rather have a clear plan. By the way, this is sting a special news, after all, it is not as if countries implement something similar for their fiat currency.

[Inwestour]

El Salvador is integrating Bitcoin into every sector of their country's development, as we mentioned a few days ago, with the country's GDP growing by four percent this year and Bitcoin being behind this growth. They are also currently making it mandatory for all high schools in their country to teach students about Bitcoin, and they are integrating this digital gold into the educational framework. Even before this move, they had another move that El Salvador's Ministry of Education would launch a Bitcoin curriculum for young students but I am now noticing that their Bitcoin education has reached high schools, although it was previously limited to students aged seven to thirteen.

And to my knowledge this was their previous move where they wanted to teach Bitcoin to young students. https://www.nasdaq.com/articles/el-salvadors-ministry-education-launch-educational-bitcoin-curriculum-young-school

How exactly has Bitcoin affected the country's GDP growth? I don't think these two things are particularly related. El Salvador's economy is gradually developing, and its GDP is growing. It's not the strongest economy, but the figures are not bad, as for Bitcoin's role in this, I don't see any connection. All El Salvador does is continue to buy Bitcoin, sometimes daily, sometimes intermittently, respect to them for that, but I can see how Bitcoin is impacting their economy. Education is also nothing new, they introduced it into the school curriculum a long time ago.

[As-Soon-As]

All El Salvador does is continue to buy Bitcoin, sometimes daily, sometimes intermittently, respect to them for that, but I can see how Bitcoin is impacting their economy. Education is also nothing new, they introduced it into the school curriculum a long time ago.

El Salvador has been buying Bitcoin regularly for some time, yes sometimes there has been a gap in their Bitcoin purchases. But their Bitcoin is certainly attractive, that is why they have been able to buy Bitcoin dips every day. But this has attracted different countries around the world to buy Bitcoin more, because every country now sees El Salvador as an example for Bitcoin investment. They have opened up the education of all people, from schoolchildren to teenagers to the elderly, and have created opportunities to receive all kinds of benefits.

[Antona]

I also expected them to begin the volcanic launch sooner before the end of this year as initially proposed earlier this year that it will be launched towards the end of 2022 and now we have just one month with some days left tlfor this year to go, i think that's why the president Nayib Bukele is taking further steps in reengaging the legislative about the issue on table and once this has been approved, things will still work out as planned with the expectations ontbthe volcanic bond, bitcoin tourism and their newly implemented daily buy, this actions taken by Nayib are not just a decision he thinks are right but a collective agreement with all his judicial surbodinates in power altogether.

Yeah the timeline has definitely slipped, which honestly isn't a surprise with these kinds of huge projects. The legislative re-engagement is probably a good sign though means they're still pushing to get the legal groundwork solid. Launching the bond is way more complex than just announcing it. I'll believe the volcano launch when I see the actual ANN.

[Raflesia]

Source link: https://x.com/pete_rizzo_/status/2005475108417048831?t=Xop_zJWtk0QhgV2ASxSHrw&s=19

This is a very nice development, EL SALVADOR is seriously growing the awareness of Bitcoin. Many countries should learn from them because this is the future.

When they are serious about their adoption, which has been going on for about 4 years (if you look at the initial conditions in September 2021) then this approach clearly must continue.

Apart from focusing on the development of the country by integrating bitcoin into several sectors El Savador also certainly has a big enough task to further introduce bitcoin to its people because even though adoption has been carried out, socialization is still important because this transition requires more support and understanding from its citizens to make improvements more pronounced.
Likewise, the introduction to young people in adolescence / school age is an important thing because after all this is the hope for the future so that by providing understanding from an early age this will make young people there more literate to renewable, especially for bitcoin itself.

[JayJuanGee]

All El Salvador does is continue to buy Bitcoin, sometimes daily, sometimes intermittently, respect to them for that, but I can see how Bitcoin is impacting their economy. Education is also nothing new, they introduced it into the school curriculum a long time ago.

El Salvador has been buying Bitcoin regularly for some time, yes sometimes there has been a gap in their Bitcoin purchases. But their Bitcoin is certainly attractive, that is why they have been able to buy Bitcoin dips every day. But this has attracted different countries around the world to buy Bitcoin more, because every country now sees El Salvador as an example for Bitcoin investment. They have opened up the education of all people, from schoolchildren to teenagers to the elderly, and have created opportunities to receive all kinds of benefits.

It is quite likely that poor countries can benefit from their investment into bitcoin even though they still might not ever catch up to richer countries or it might take time for the investment to start to show results, which is similar to poor people as compared with rich people.  It is easier for rich people, yet some of the rich people do not see any need from investing in bitcoin, since they have other resources.   

I know quite a few people who are way better off than their peers based on their having had invested in bitcoin over the past 10-ish years, yet the results were not obvious in the beginning. Many investments take time to show benefits, and they might even show up negatively in their early years, since investment takes away from abilities to consume.

[Bigjoe33]

All El Salvador does is continue to buy Bitcoin, sometimes daily, sometimes intermittently, respect to them for that, but I can see how Bitcoin is impacting their economy. Education is also nothing new, they introduced it into the school curriculum a long time ago.

El Salvador has been buying Bitcoin regularly for some time, yes sometimes there has been a gap in their Bitcoin purchases. But their Bitcoin is certainly attractive, that is why they have been able to buy Bitcoin dips every day. But this has attracted different countries around the world to buy Bitcoin more, because every country now sees El Salvador as an example for Bitcoin investment. They have opened up the education of all people, from schoolchildren to teenagers to the elderly, and have created opportunities to receive all kinds of benefits.

It is quite likely that poor countries can benefit from their investment into bitcoin even though they still might not ever catch up to richer countries or it might take time for the investment to start to show results, which is similar to poor people as compared with rich people.  It is easier for rich people, yet some of the rich people do not see any need from investing in bitcoin, since they have other resources.   

I know quite a few people who are way better off than their peers based on their having had invested in bitcoin over the past 10-ish years, yet the results were not obvious in the beginning. Many investments take time to show benefits, and they might even show up negatively in their early years, since investment takes away from abilities to consume.

Surely, it's bound to take some time to grow your bitcoin investment to a certain level of benefit, and ones level of interest and discipline plays a major role here. Since interest and discipline is the driving force, then dedication to the course is giving which births positive results at the end.
And of course, richer countries will always have an edge over poor countries in the amount of Bitcoin to be accumulated in a given period of time and/or the zeal and enthusiasm put in to accumulate since they have the financial ability. However, while poor countries may not catch up with the richer countries with the number of accumulation, I still feel it is better that they accumulate Bitcoin gradually than never to accumulate Bitcoin at all. The accumulation process may be slow, but that slowly accumulation will increase gradually if they remain consistent long enough, and I believe over they years, it will help to do something significant in the countries finance/resources/rating/Economy.

And for El Salvador, his zeal to acquire Bitcoin is becoming a role model, not just to countries but also to individuals. Alot are encouraged, so many countries are getting engaged and bitcoin is going more global, and that's a good one. Bitcoin has really proven itself for years as a store of value, and it is worth HODLing

[catnine1]

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

monumental moment, no cap. for a population mostly unbanked, btc isnt just an investment, its a financial lifeline. skipping decades of broken banking infrastructure.

bukele placing that big of a bet is either gonna be legendary or a huge lesson. either way, the world is watching. bullish for adoption.

[Lembo69]

JUST IN: EL SALVADOR HAS BOUGHT MORE #BITCOIN EVERY DAY IN 2026

BTC COUNTRY KEEPS WINNING 🚀

Source:https://x.com/i/status/2007896275501588628
This Bitcoin hoarding mentality in El Salvador is truly inspiring investors. Their plan will one day take them far in terms of money.

[HajiBagi]

All El Salvador does is continue to buy Bitcoin, sometimes daily, sometimes intermittently, respect to them for that, but I can see how Bitcoin is impacting their economy. Education is also nothing new, they introduced it into the school curriculum a long time ago.

El Salvador has been buying Bitcoin regularly for some time, yes sometimes there has been a gap in their Bitcoin purchases. But their Bitcoin is certainly attractive, that is why they have been able to buy Bitcoin dips every day. But this has attracted different countries around the world to buy Bitcoin more, because every country now sees El Salvador as an example for Bitcoin investment. They have opened up the education of all people, from schoolchildren to teenagers to the elderly, and have created opportunities to receive all kinds of benefits.

El Salvador has been an example for other countries to start seeing bitcoin as something that is very important and not illegal, although there are some countries that believe in bitcoin but they don’t see it something is very important to anybody, some people see it as just a wish or something you take risks and if you are lucky then you get a profit, El Salvador has made many citizens in the country realise that there is a good future ahead for them.

I was having a conversation with a friend that said buying a bitcoin or the people in the country buying bitcoin doesn’t guarantee that all of them will become rich and I understand his statement because he did not trust bitcoin, he knew how bitcoin has been going and how it has changed people life but his problem is that he doesn’t trust bitcoin, I told him that he will never trust bitcoin because even as he is well educated he doesn’t trust bitcoin, trusting is the problem that make some country do not like buying bitcoin, some might have money and they will not trust it.

[Tungbulu]

If we look at these steps by El Salvador from a balanced and realistic perspective, we can see the positive aspects of Bitcoin. Their far-reaching and long-term thinking sees Bitcoin not just as an investment or a speculation, but as part of the economy, technology and financial literacy. In my opinion, making Bitcoin education mandatory at the school, college or university level in all countries of the world means that they should not only use Bitcoin for investment but also for its practical use at every stage of life, like a basic need.

I think the secret behind El Salvador’s approach is the mindset they have about Bitcoin, they treat Bitcoin more like an infrastructure, rather than a mere lottery. They understand that bitcoin isn’t a get rich quick  scheme, but rather an asset to be built in the long term. The moment that people get the education first rather than the opportunity, it becomes easier for them to see the limits as well as the strengths, which helps them set realistic goals and targets, rather than just blindly following speculations.

[bakasabo]

JUST IN: EL SALVADOR HAS BOUGHT MORE #BITCOIN EVERY DAY IN 2026

BTC COUNTRY KEEPS WINNING 🚀

Source:https://x.com/i/status/2007896275501588628
This Bitcoin hoarding mentality in El Salvador is truly inspiring investors. Their plan will one day take them far in terms of money.

There are speculations about if this daily purchase is really happening. President of El Salvador announced that they will be buying 1 BTC every day, somewhere among his tweets he has shown proof of that. But that proof can also look as an address that received 1 BTC every day. There is no proof that this address belongs to El Salvador. There is no proof that BTC sender is really a seller, but not random (or own address) that sends 1 BTC each day. People can say that it is a random address that receive BTC every day from somebody.

[Just Say]

JUST IN: EL SALVADOR HAS BOUGHT MORE #BITCOIN EVERY DAY IN 2026

BTC COUNTRY KEEPS WINNING 🚀

Source:https://x.com/i/status/2007896275501588628
This Bitcoin hoarding mentality in El Salvador is truly inspiring investors. Their plan will one day take them far in terms of money.

You are right that their plan with BTC will take them far financially one day. I think they are going to succeed in this plan because the GDP of this country has increased by a few percent and Bitcoin is behind this growth. It is also true that the hoarding mentality of this country in this digital gold is really motivating investors but what we see is that they are taking various steps not to show off to others but to improve their own country and increase the level of education about digital gold. Accordingly, it is observed that they will continue to invest in both this digital gold and AI together until 2026, they have even mentioned teaching Bitcoin in high schools.

El Salvador to continue investing in Bitcoin and AI through 2026 https://ua.news/en/finansi/salvador-prodovzhit-investitsiyi-v-bitkoyin-i-shtuchnii-intelekt-do-2026-roku

[Fiatless]

There are speculations about if this daily purchase is really happening. President of El Salvador announced that they will be buying 1 BTC every day, somewhere among his tweets he has shown proof of that. But that proof can also look as an address that received 1 BTC every day. There is no proof that this address belongs to El Salvador. There is no proof that BTC sender is really a seller, but not random (or own address) that sends 1 BTC each day. People can say that it is a random address that receive BTC every day from somebody.

There will always be doubts from some quarters. Which proof do they want from Bukele that the address belongs to El Salvador? Do they want him to sign an message from the wallet? IMF is closely following up the finance of the country. Keeping this address  pseudonymous looks good to me. Let the specultions continue.   

[tvplus006]

...Keeping this address  pseudonymous looks good to me. Let the specultions continue.   

The original BTC address, which belonged to El Salvador and which was announced by President Nayib Bukele, was this - 32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo In August 2025, 6,283 BTC were transferred from this wallet to 14 different addresses with 500 BTC each for secure storage. Since then, 1 BTC has been replenished daily to one of these wallets, namely 3Ky5QojgyfdfaQ7hoPQfio4BCLtavsPqsB.

[durg0319]

If we look at these steps by El Salvador from a balanced and realistic perspective, we can see the positive aspects of Bitcoin. Their far-reaching and long-term thinking sees Bitcoin not just as an investment or a speculation, but as part of the economy, technology and financial literacy. In my opinion, making Bitcoin education mandatory at the school, college or university level in all countries of the world means that they should not only use Bitcoin for investment but also for its practical use at every stage of life, like a basic need.

I think the secret behind El Salvador’s approach is the mindset they have about Bitcoin, they treat Bitcoin more like an infrastructure, rather than a mere lottery. They understand that bitcoin isn’t a get rich quick  scheme, but rather an asset to be built in the long term. The moment that people get the education first rather than the opportunity, it becomes easier for them to see the limits as well as the strengths, which helps them set realistic goals and targets, rather than just blindly following speculations.

And maybe El Salvador are getting tired of the fiat system, which always devalue most time. So showing interest in Bitcoin is the best move for small country like this, because this will protect their savings from devaluation, and opens new opportunities. It is a good way to break free from  constant inflation and they can actually plan for the better future of their country without relying on traditional banks. What I wish to happen is if USA can make Bitcoin too as legal tender , from there other countries will want to follow their step. But it doesn't look like it's going to happen anytime soon.

[Tungbulu]

And maybe El Salvador are getting tired of the fiat system, which always devalue most time. So showing interest in Bitcoin is the best move for small country like this, because this will protect their savings from devaluation, and opens new opportunities. It is a good way to break free from  constant inflation and they can actually plan for the better future of their country without relying on traditional banks. What I wish to happen is if USA can make Bitcoin too as legal tender , from there other countries will want to follow their step. But it doesn't look like it's going to happen anytime soon.

You’re not wrong. It’s normal to seek for an alternative when your currency is always losing value and easily manipulated. Bitcoin on the other hand give people a better way to store their value, drastically reduce dependency on the global banking system and eliminate currency devaluation and manipulation, but the truth remains that they still can’t completely do without the normal fiat system, especially for traders who don’t really need currency volatility and short term fluctuation. Inasmuch as bitcoin adoption may not really offer a perfect solution to a country’s monetary system/problems, it sure can offer more control and save the economy from constant inflation.

[laijsica]

If we look at these steps by El Salvador from a balanced and realistic perspective, we can see the positive aspects of Bitcoin. Their far-reaching and long-term thinking sees Bitcoin not just as an investment or a speculation, but as part of the economy, technology and financial literacy. In my opinion, making Bitcoin education mandatory at the school, college or university level in all countries of the world means that they should not only use Bitcoin for investment but also for its practical use at every stage of life, like a basic need.

I think the secret behind El Salvador’s approach is the mindset they have about Bitcoin, they treat Bitcoin more like an infrastructure, rather than a mere lottery. They understand that bitcoin isn’t a get rich quick  scheme, but rather an asset to be built in the long term. The moment that people get the education first rather than the opportunity, it becomes easier for them to see the limits as well as the strengths, which helps them set realistic goals and targets, rather than just blindly following speculations.

And maybe El Salvador are getting tired of the fiat system, which always devalue most time. So showing interest in Bitcoin is the best move for small country like this, because this will protect their savings from devaluation, and opens new opportunities. It is a good way to break free from  constant inflation and they can actually plan for the better future of their country without relying on traditional banks. What I wish to happen is if USA can make Bitcoin too as legal tender , from there other countries will want to follow their step. But it doesn't look like it's going to happen anytime soon.

You may distrust the traditional fiat system and banking system, but it is essential to the functioning of every country's economy. Reducing your reliance on a centralized financial system can protect your assets from devaluation. By accumulation Bitcoin through fiat, you are engaging in a decentralized system and discovering a way to increase financial capacity. El Salvador adoption of Bitcoin as legal tender is not denying the importance of fiat. The country sees Bitcoin as a hedge for its economy and a strategic reserve.

Several states in the United States (Arizona, Hampshire and Texas) have passed bills to establish Bitcoin as a strategic reserve. Several more states are awaiting approval. The need for legal tender in their countries to accept their Bitcoin separately may be worthless. Citizens around the world are not dependent on the government to regulate their Bitcoin accumulation.

[avp2306]

And maybe El Salvador are getting tired of the fiat system, which always devalue most time. So showing interest in Bitcoin is the best move for small country like this, because this will protect their savings from devaluation, and opens new opportunities. It is a good way to break free from  constant inflation and they can actually plan for the better future of their country without relying on traditional banks. What I wish to happen is if USA can make Bitcoin too as legal tender , from there other countries will want to follow their step. But it doesn't look like it's going to happen anytime soon.

You’re not wrong. It’s normal to seek for an alternative when your currency is always losing value and easily manipulated. Bitcoin on the other hand give people a better way to store their value, drastically reduce dependency on the global banking system and eliminate currency devaluation and manipulation, but the truth remains that they still can’t completely do without the normal fiat system, especially for traders who don’t really need currency volatility and short term fluctuation. Inasmuch as bitcoin adoption may not really offer a perfect solution to a country’s monetary system/problems, it sure can offer more control and save the economy from constant inflation.

Common problem for people is they over look on the situation, they think that Bitcoin is like a hero that can solve everything they imagine. But the adoption made by El Salvador and other countries won't provably erase its reliant to fiat. Because they provably will continue to use the traditional system and will make Bitcoin as their alternative.

But one good thing will happen is they are slowly shifting away to any centralized manipulation. Even if they are just partially done this things still El Salvador is winning because they earn lots of benefits not only with profits but also with other great things happened when they adopt Bitcoin.