The president of El Salvadoran is not a fan of the digital currency. El Salvadoran became the first country in the world to approve Bitcoins as a form of legal tender last year. If you want to pay for something in El Salvadoran, you have two ways to do so.
The president has used public funds to purchase more than 2,000 Bitcoins. He likes to say that he buys the dip and adds to his holdings when the market drops. He doesn't seem to be stressed by the market volatility or the International Monetary Fund's criticism of his decisions. In the coastal town of El Zonte, he created aBitcoin beach as a pilot project.
Mike McDonald is a reporter for Bloomberg and he talks about the sustainable nature of El Salvador'sBitcoin strategy.
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