Why El Salvador Made Bitcoin Legal Tender with President Nayib Bukele

Twenty years ago, El Salvador became a dollarised nation, bringing economic stability to the country and improving the country’s potential for investment. However, it did so at the cost of giving up its monetary policy to the US Federal bank.  Two decades later, following the COVID-19, the global economic outlook has changed significantly. As a result, the Fed has taken extreme measures to combat the economic impact of the pandemic and is printing money at previously unseen levels.

What Bitcoin Did