One year ago, on the 7th of September 2021, El Salvador made world history by becoming the first country in the world to adopt Bitcoin as legal tender alongside the United States Dollar (USD). And since then a lot has changed in their country and in the crypto space, despite the fact that some of the citizens didn't accept the decision of El Salvador adopting Bitcoin as legal tender at first, because on their independence day last year they had a massive protest that they do not understand Bitcoin and did not want it, the protest on that day led to citizens destroying and vandalizing the Bitcoin ATMs that were already installed in the country to show the government their disapproval of the government and President Nayib Bukele decision of adopting Bitcoin as legal tender.
But that was not all that happened, I can not really remember exactly but I think on the day of the announcement of them adopting Bitcoin as legal tender or the day after the price of Bitcoin fell like crazy giving us the first huge weekend dip and the first huge in the month of September last year, the dip shocked the world because we all excepted the price of Bitcoin to do the opportunity of what it did, which was to pump like hell due to the news event of El Salvador being the first country on the planet to accept Bitcoin as legal tender but it did not do as we wanted.
El Salvador made its first-ever Bitcoin purchase on the same day a year ago, their first Bitcoin purchase was worth $20 million which was about 400 Bitcoin due to the price of Bitcoin at that time. When they brought their first Bitcoin the price of Bitcoin was about $52k and it has fallen about 64% since then, But despite all that has happened and the current Bitcoin market condition, adopting Bitcoin as a legal tender has been the best thing that has happened to El Salvador. Because since they adopted Bitcoin as legal tender their Tourism has gone up, their Gross domestic product (GDP) has gone up, and the Crime rate in their country has gone down.
They started up a movement that some countries a scared to follow but in the nearest future more countries will follow in their footstep and adopt Bitcoin as legal tender as the Central African Republic (CAR) did this year making them two countries in the world that now accept Bitcoin as legal tender in their country's, the question now is who is next?
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