• El Salvador’s Miss Universe 2023 contestant, Alejandra Guajardo, wore a costume representing the evolution of the Salvadoran currency, featuring cacao beans, the colón, the U.S. dollar, and the Bitcoin symbol.
• In September 2021, El Salvador became the first country to make Bitcoin legal tender alongside the U.S. dollar.
• President Nayib Bukele has purchased thousands of BTC for the country’s treasury and announced that El Salvador will buy bitcoin daily.
El Salvador has made waves in the cryptocurrency world this week with the Miss Universe 2023 contestant, Alejandra Guajardo, wearing a costume representing the evolution of the Salvadoran currency. The outfit featured cacao beans, the colón, the U.S. dollar, and the Bitcoin symbol. The costume was designed by Francisco Guerrero and was in the predominant colors of gold, silver, and bronze.
El Salvador made history in September 2021 when it became the first country to make Bitcoin legal tender alongside the U.S. dollar. Since then, President Nayib Bukele has been a strong advocate for the cryptocurrency and has purchased thousands of BTC for the country’s treasury.
The Salvadoran leader announced in November last year that the country would start buying bitcoin daily. The move was part of the country’s efforts to create a more efficient and transparent financial system. El Salvador is also issuing its long-awaited bitcoin-backed Volcano bonds, for which it has passed a new regulatory framework.
The citizens of El Salvador have welcomed the move with enthusiasm, with many businesses accepting Bitcoin payments. The country is now seen as a pioneer in the cryptocurrency world and will be closely watched to see how its experiment with Bitcoin plays out.