El Salvador wants Bitcoin as legal tender, President sends bill to Congress Jun 6, 2021 17:18 EDT with 5 comments
El Salvador President Nayib Armando Bukele Ortez who was present at the Bitcoin 2021 conference in Miami via video conferencing announced that next week he will send legislation to the country s congress that would make Bitcoin crypto-currency a legal tender in the nation. As his New Ideas party holds a supermajority in the new congress, there are very high chances that any legislative proposal from the president could be easily passed.
#Bitcoin has a market cap of $680 billion dollars.
If 1% of it is invested in El Salvador, that would increase our GDP by 25%.