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El Salvador’s Bitcoin Adoption Met With Small Protests

El Salvador’s Bitcoin Adoption Met With Small Protests

Bitcoin
August 30, 2021 by Editorial Team
18
Small groups of protestors have taken to the streets one week before El Salvador adopts Bitcoin as legal currency. According to Business Insider, protests against the Bitcoin law and President Nayib Bukele are becoming more common ahead of it taking effect on September 7th. The protesters’ reasons for objecting to Bitcoin adoption range from simple political



Small groups of protestors have taken to the streets one week before El Salvador adopts Bitcoin as legal currency. According to Business Insider, protests against the Bitcoin law and President Nayib Bukele are becoming more common ahead of it taking effect on September 7th.

The protesters’ reasons for objecting to Bitcoin adoption range from simple political opposition to President Bukele, to concerns about price volatility when denominated in U.S. dollars, to misunderstandings about the new law.



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