Only few of us a year ago could have imagined a country where Bitcoin would be considered as legal tender. Today, in 2022, it is already a reality, and during this time it has fascinated people so much that tourism in this country has increased by up to 30% in one year. As you probably know, we are talking about El Salvador. This decision was therefore, at least from this point of view, correct from time to time, as the change attracted up to 1.4 million tourists to the country, instead of the expected 1.1 million tourists, 60% of whom come from the United States.
The country’s tourism is one of the country’s most important sources of income, and President Nayib Bukele recognized the sector as the second support sector for 2022. This report is certainly good because in the beginning the government faced relatively high criticism from the population as well as countries. Another factor is the fact that many foreign investors began to come to the country, who were attracted by a unique opportunity in connection with Bitcoin. We can see that this move by El Salvador has caused us in the future to witness several other countries starting to take cryptocurrencies as legal tender.