Salvadoran President Bukele: ”Bitcoin adoption has had a positive effect...but falls short of expectations”

El Salvador's President Nayib Bukele said adopting Bitcoin as legal tender has had a positive impact on the country, but not as much as he expected.
In an interview with Time magazine, President Bukele said that the adoption of Bitcoin was voluntary and not forced by the government.
"Clearly more could have been done. Bitcoin has not been as widely adopted as we would have hoped," he added.
Also, many Salvadorans use Bitcoin and most of the big companies are using it.
He explained that while the US has started accepting Bitcoin and allowing it to be used for payments at McDonald's, supermarkets and hotels, the adoption has not been as great as hoped.
He continued, "Everything in life has a price, and I don't really mind the price of being called an authoritarian. I don't like the term, but it doesn't lose me any sleep over it."
President Bukele has spoken out about crypto assets after announcing El Salvador's plans to adopt Bitcoin as legal tender at the 2021 Bitcoin Conference.
) began to attract industry attention. He then launched a volcanic-powered "Bitcoin City" and a citizenship program for individuals who invested over $1 million in Bitcoin and Tether.
Gram was promoted.