News From El Salvador, End of August: Preparing for 1st Bitcoin Day Anniversary


It’s hard to believe that Bitcoin Day was only a year ago. We will return to El Salvador in anticipation of the celebration of that faithful day, you will find that the country is booming with activity. This news collection has it all; from tourism to mining, from conferences to meetings. For a while there, the war with the gangs monopolized headlines related to El Salvador, but with the commemoration of Bitcoin Day on the horizon, it’s time to get back to basics.

High Level People Prepare For Bitcoin Day Celebration

  • First of all, tourism in El Salvador is back to pre-pandemic levels and then some. President Bukele clarifies that the charts refer to “international tourism,” so the main drivers are “Bitcoin and surf.” Not only that, “internal tourism is growing even more, mainly because of our crackdown on gangs.”
  • Since the original Bitcoin Day, mining in El Salvador has done nothing but grow. In the following video, Anchor mining shows off the immersion coolers they brought to El Salvador. Also, in the tweet, the founder of the company promises. “Soon to launch the educational project in which my team will explain how immersion is the future of hashrate decentralization.”
  • This could be huge or nothing at all. Investment platform BankToTheFuture and President Bukele are working on “some recovery plans in El Salvador for distressed global Bitcoin lending companies.” Is it possible that the future of bitcoin loan companies is in the only country with favorable legislation? Or is it done for the good of bitcoin lending companies?

BTCUSD price chart for 29/08/2022 - TradingView

BTC price chart for 08/29/2022 on Bitstamp | Source: BTC/USD on TradingView.com

Meeting Bitcoin-People Is Easy

  • Roman Martinez and Mike Peterson of Bitcoin Beach gave a presentation at the Surfin Bitcoin conference in Biarritz, France. The project that started it all continues to expand far and wide. The tweet says, “Probably the most engaging conference. The sentiment is evident in Bitcoin Beach. They are proud of their country, proud to be pioneers.”
  • And speaking of Roman and the Bitcoin Beach team, they know how important the upcoming anniversary is. “Join us for the one year anniversary of Bitcoin Day in El Salvador! Our Bitcoin Beach meetup will be a celebratory party you can’t miss!”
  • Additionally, the Bitcoin Beach team recently received a delegation from the Parlamento Centroamericano AKA Parlacen. “They heard the story of Hope House and how our Bitcoin Beach project used Bitcoin as a tool for financial inclusion and community empowerment,” said Roman.
  • The folks from the My First Bitcoin educational initiative also hold a monthly bitcoin meetup. The only difference is that they do it in San Salvador, the capital. “All our friends in El Salvador will be with us tomorrow for our monthly Bitcoin meeting,” the announcement tweet reveals.

Last But not least, Nashin Bupele

  • Since the original Bitcoin Day, El Salvador is everywhere. To prove that, here is a scene from a Korean soap opera where someone gives a presentation on El Salvador and its bitcoin adoption.

The table is set for Bitcoin’s First Day anniversary. The world was a completely different beast when El Salvador adopted bitcoin as legal tender. That reminds us of Max Keizer’s classic question, is bitcoin a reaction to the chaos or is bitcoin creating the chaos? In the case of El Salvador, the answer is obvious. Bitcoin is taking the country to the next level.

Featured Image: Nashim Bupele screenshot from this video | Charts by TradingView

DeLorme, flag of El SalvadorEl Salvador prepares for its first Bitcoin Day anniversary.





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