El Salvador Incorporates 3 Million Bitcoin Users As Its Price Increases

The President of El Salvador Deputy Buckley Nayib Watch On Sunday evening via Twitter, the Latin American country succeeded in introducing more than three million users to its Wallet app Shifu Chivo, so in 26 Just a day.

The total population of El Salvador is 6.48 million people, which means that half of its citizens have earned what they are worth 30 dollar of Bitcoin Within the first month of it being considered legal tender by the government.

price went down Bitcoin from 52.600 dollars for the first few weeks, after it was adopted on September 7, and then spent the month of October, accumulating a range of 47-48 one thousand dollars.

The total global retail price of the coin rose this time, and it remains to be seen if it is over the mark 52k in a seventh From September changes the general feeling of its adoption in El Salvador.

El Salvador and its adoption of Bitcoin

It is worth noting that the government itself collected so far 700 Bitcoin, worth more than 33 million dollars at the time of writing, having been 31 million dollars in 20 September.

Where else bought Bitcoin low price around 45.700 dollars, while I think Bukili That the value of the asset was less than its value in the global market.

The country is now green in dollar terms because of this purchase, as shown Bukili To buy, keep and mine the currency in the long term, and it is also the only country to keep the currency as a public reserve.

so you can agent Who made El Salvador the first country to adopt Bitcoin as legal tender in just four months, in addition to being distributed at the value of 30 Dollars for all citizens of the country via the state-sponsored Shifu app.

and installation 200 Its ATM inside the country, buy 700 Bitcoin to the national reserve, and start extracting it through renewable geothermal energy 100%.

The world is watching this experiment, and bitcoiners are anxious to know which country will be next to adopt it, as countries sometimes have to compete.