El Salvador will adopt bitcoin as legal tender, president says

Bukele, a 39-year-old, right-wing populist who rose to power in 2019, has a strong majority of 56 out of 84 seats since a landslide victory in legislative elections last March.

“Over 70% of the active population of El Salvador doesn’t have a bank account.

Other, more thinly traded cryptocurrencies are even more volatile, trading up and down like seesaws — often based on speculation or meme tweets from Tesla CEO Elon Musk.

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