On June 8, El Salvador became the first country in the world to adopt bitcoin as legal tender. President Nayib Bukele first floated the idea publicly three days earlier, during a bitcoin conference in Miami. The country’s legislature passed his three-page bill by a 62-22 margin.Within 24 hours, cryptocurrency devotees on Twitter were claiming San Salvador as the world’s next big tech hub. Hours after Bukele announced El Salvador would be the first country to accept bitcoin payments for all government business, Justin Sun, founder of the cryptocurrency platform TRON, predicted “crypto investors and entrepreneurs” will move to El Salvador en masse. The country’s president, a former businessman
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