Bitcoin In El Salvador Is Starting To Take The Big Leap El Sa | CryptoSoul

Bitcoin In El Salvador Is Starting To Take The Big Leap

El Salvador took the biggest financial leap in its history after recognizing Bitcoin as a form of legal tender. It accomplished this in the face of mounting pressure from international organizations and opposition parties but the move has triggered massive support from cryptocurrency enthusiasts globally.

Massive Support For El SalvadorOn September 7th, history was made after the Bitcoin Law that was passed three months ago kicked into effect. El Salvador became the first country in the world to use bitcoin as a currency and it will serve in this lofty capacity alongside the US dollar.

This move has elicited support from the community who now colloquially refer to September 7th as Bitcoin Day. The social media space has been filled with the trends #30for30, #7Septemberbuybtc, and #buybtctuesday which saw individuals buy $30 worth of BTC on September 7th in solidarity with the country. A poll conducted by Michael Saylor, CEO of Microstrategy with over 90,000 participants indicated that 83.6% would be participating in the event.