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Bangkok Post
Bangkok Post
Business

Bitcoin 'revolution' a work in progress

El Salvador President Nayib Bukele speaks at the closing party of “Bitcoin Week” where he announced a plan to build the first “Bitcoin City” in the world, in Teotepeque, El Salvador on Nov 20 last year. (Reuters Photo)

El Salvador President Nayib Bukele took the stage to fireworks, announcing to a cheering crowd of crypto enthusiasts at a beachside confab that Bitcoin would revolutionise his country.

It was November last year, the digital token had just reached new all-time highs and El Salvador was at the very beginning of its experiment as the world’s first nation to use the cryptocurrency as legal tender.

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