At the Bitcoin conference held in 2021, Nayib Bukele, the president of El Salvador, spoke about his intention to make crypto a legal tender in his country. In 2022, he will update the eager audience about the process El Salvador undertook in adopting Bitcoin, and how cryptocurrency is providing vast opportunities to its citizens.
Bukele stated that Salvadorians have more Bitcoin wallets than bank accounts. With the profit generated from Bitcoin, Bukele plans to build new schools in El Salvador, as well as to build “Bitcoin city,” which will be free from income, property, and capital gain taxes.
The conference will be held in Miami from April 6th – 9th, 2022 with the purpose of connect all Bitcoiners – industry leaders, CEOs, innovators, BTC holders, and even precoiners – in one place.
The conference, organized by Bitcoin Magazine, is marked as the largest Bitcoin event in history, and will host over 35,000 Bitcoin enthusiasts, and 3,500+ attending companies from all over the world.
El Salvador is leading the way for the world by plugging its economy into the Bitcoin network. Last year's announcement was a watershed moment for Bitcoin and for the world. We're all eager to hear from President Bukele how the rollout has progressed, and learn how we can each help to build a more robust, global monetary system using Bitcoin,"
said David Bailey, CEO of Bitcoin magazine.
On the Flipside
- The conference marks the ever-growing adoption of Bitcoin on a global scale.