President Nayib Bukele Shares Insights on El Salvador's Bitcoin Adoption Journey

President Nayib Bukele has shared insights on the country's journey since adopting Bitcoin as legal tender in 2021.

El Salvador's President Nayib Bukele has shared his thoughts on the country's adoption of Bitcoin as legal tender in 2021. In an interview with a local media outlet, Bukele acknowledged that the adoption process has been slower than expected, but he described the overall results to date as "positive."

While El Salvador's adoption of Bitcoin has garnered worldwide attention, its integration into the daily lives of Salvadorans has been limited. Major businesses, such as supermarkets and restaurant chains, now accept Bitcoin as a payment method. However, widespread adoption among the general population has not yet fully materialized.

Bukele also addressed his reputation among some international observers and media, who have labeled him as an "authoritarian." The president downplayed these characterizations, saying that being called an authoritarian is a "small price to pay" and a label that does not particularly bother him.

Despite the slower-than-anticipated adoption rate, Bukele expressed optimism about the future of Bitcoin in El Salvador. He stated that more can be done to integrate Bitcoin into the country's daily life and economy, and he believes that its use will continue to expand over time.

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