The country of El Salvador, famously the first country in the world to adopt BTC as legal tender, has done it again.
The country in Central America bought 12 BTC, which means it now holds 6,068 Bitcoin, worth around $550 million.
Some people call El Salvador’s ‘experiment’ a failure, but I’m not sure why.
First of all, and people tend to forget that, El Salvador used to be a very dangerous country, and that’s changing very rapidly.
Secondly, El Salvador’s stance of Bitcoin made headlines, and it’s generally a good thing for a country to generate headlines if it’s a good reason.
And this is a good reason, or at the very least it’s not a negative reason.
It also brought revenue, because El Salvador is now a tourist destination.
Also, I would personally argue that El Salvador will be a significantly richer country than most in 30 or 50 years, precisely because it was an early adopter.
bitcoinea 
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