El Salvador Is The First Country To Adopt Bitcoin As Legal Tender

El Salvador has become the first nation in the world to adopt Bitcoin as legal tender.

  • President Nayib Bukele made the announcement on Tuesday - also announcing that the government had purchased a total of 550 bitcoins - currently worth about $25 million.
  • It's a historic moment for the popular cryptocurrency - but some analysts believe it's a risky move for El Salvador's economy.
  • Will we see other countries make this move? What happens if El Salvador's experiment doesn't work out?

Photo Credit: Getty Images


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