El Salvador will host a Bitcoin Beach Party featuring the best Bitcoin (BTC) Maxis by DailyCoin

© Reuters. El Salvador will host a Bitcoin Beach Party featuring the best Bitcoin (BTC) Maxis
  • El Salvador recently introduced a nationwide education program.
  • Both domestic and international tourism levels have increased.
  • Nayib Bukele sees Bitcoin’s decline as a buying opportunity.

The small Latin American country of El Salvador, the first country to accept Bitcoin (BTC) as legal tender, has announced plans for the Black Rabbit New Year with the next Bitcoin Beach event to be held in El Zonte on January 30, 2023.

The Bitcoin event was announced by Bitcoin Maximalist Stacy Herbert and will start at 19:00 local time. With Herbert’s warm invitation, there is much to look forward to:

“Join us at Bitcoin Beach for surfing, sushi, margaritas and Cuban jazz. and lots of Bitcoin talk”.

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Max Keizer and volcano bonds

Max Keizer is a BTC Evangelist who has written several books about the Bitcoin journey described as “relentless optimism in the age of Bitcoin”. It is interesting that the filmmaker, broadcaster and journalist received the citizenship of El Salvador and became one of the top stars of the Bitcoin Beach in El Zonte. Keizer and his wife, Stacy Herbert, started the Orange Pill Party, spreading the word about Bitcoin and the overall benefits of blockchain technology to society.

The cryptocurrency pair participated in Bitcoin Lightning educational events around El Salvador sponsored by Pro-Bitcoin President Nayib Bukele. Bitcoin lover Bukele has drawn up plans for a Golden Bitcoin City with a central volcano. Keizer was soon hooked on the idea, as El Salvador could become the world’s first Bitcoin-powered cryptocurrency hub. Finally, BTC-backed Volcano bonds will bring many investors to El Salvador and increase adoption.

El Salvador is still getting used to BTC

Indeed, Bitcoin Lightning technology allows the unbanked population of El Salvador to pay their bills without taking a long bus ride. At the same time, international tourism levels have risen due to Bitcoin Beach and the country’s positive stance on cryptocurrency. Mr. Bukele, who is not liked by the mass media, agrees with Max Keyser’s definition of the power of Bitcoin:

“Bitcoin is the most extreme art possible, immune to any censorship.” However, recent research shows that the Chivo app launched by Nayib Bukele’s government has not caught on with the public or businesses. Most users rushed to sign up for the mobile app to get a $30 bonus, equivalent to three business days for the average Salvadoran.

As the president continues his bold crackdown on gangs, ramps up Bitcoin maximalism and focuses on international tourism, Stacy Herbert describes El Salvador’s journey as “the biggest rebrand in history.”

On the flipside

  • Nayib Bukele’s cryptocurrency is still in the red. In addition, the president BTC purchases fell by 62.02%, leaving $41 million from the initial $108 million.
  • The bitcoin-loving president also aims to buy one BTC per day starting November 18, 2022 using DCA (Dollar Cost Averaging) tactics.

Why should you care?

El Salvador is leading cryptocurrency adoption globally as it was the first country to accept Bitcoin (BTC) as legal tender.

Learn more about cryptocurrency adoption around the world:

Is Europe ready to become a cryptocurrency enthusiast’s dream?

Japan to lift ban on foreign stablecoins in 2023: Report

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