El Salvador’s President Nayib Bukele has announced that the country will make Bitcoin legal tender, in a move that could have a major impact on the small nation’s economy.In a tweet, Bukele said that El Salvador would become the first country in the world to adopt Bitcoin as legal tender, and that the move would help to tackle the country’s problem of inflation.
Bukele’s announcement was met with cheers from the cryptocurrency community, with many hailing it as a major step forward for Bitcoin adoption.
However, it is important to note that the adoption of Bitcoin is still in its early stages, and it remains to be seen how it will affect the economy of El Salvador in the long term.
