Bitcoin can be declared a national currency

Bitcoin can be declared a national currency


Nayib Bukele, President of the Central American country El Salvador, announced that he will present a bill to Congress to accept Bitcoin as the national currency.

In the video message he sent to the “Bitcoin 2021” conference, President Bukele said that with the draft law, it will be very convenient for El Salvadorans living abroad to send money to the country.

ANNOUNCED MARKET VALUE

Stating that it will pave the way for the emergence of new business lines, Bukele stated on his Twitter account that the value of Bitcoin in the market is $ 680 billion at the moment.

1 PERCENT GIVES A 25 PERCENT INCREASE

The President noted that even if only 1 percent of this money were invested in El Salvador, it would increase the country’s Gross National Product by 25 percent.

If the bill is passed, the current national currency of the country, the dollar, can be used officially, as well as Bitcoin.


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