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When a Nation Went Bitcoin: The Story of El Salvador’s Crypto Leap
In September 2021, the tiny Central American nation of El Salvador made history—becoming the first country in the world to adopt Bitcoin as legal tender. What began as a bold experiment under President Nayib Bukele quickly turned the global financial community on its head.
A Law That Shook the World
The “Bitcoin Law” passed on June 9, 2021, required every business in El Salvador to accept Bitcoin for goods and services. By September 7, Bitcoin officially became legal currency alongside the U.S. dollar. The government launched a digital wallet called Chivo, giving every citizen $30 in BTC as a welcome bonus.
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