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The $600M Bitcoin Experiment
El Salvador's Financial Revolution Explodes
Antoinette Rodriguez, MBA
January 07, 2025
How did a single legislative vote transform a nation's financial landscape? As 2025 has begun, El Salvador's groundbreaking Bitcoin experiment offers crucial insights into national cryptocurrency adoption.
The journey began on June 8, 2021, when El Salvador's Congress passed the Bitcoin Law with 62 of 84 deputies voting in favor, making Bitcoin unrestricted legal tender alongside the U.S. dollar. The government initially invested $103.9 million to purchase 2,301 coins between September 2021 and June 2022.