2021 – The Year Bitcoin Became Salvadoran

El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations

When the bill was announced in July 2021, BTC was trading at around $30,000. When the bill became law in September 2021, it was trading around $45,000. By September 2022, a year after the law was enacted, it was below $20,000. Any discussion around El Salvador and adoption would be incomplete without acknowledging these price swings and the bitcoin bear market.

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