El Salvador had made history when it became the first sovereign nation to make bitcoin a legal tender. The September 7 official adoption had sent the entire space into jubilation as it had marked a significant stride for BTC. Barely a teenager, the digital asset had grown from being a relativity unknown internet coin to become the official legal tender of a country.
Since then, El Salvador has made strides when it comes to bitcoin. The country had gradually increased its stake in BTC after its first purchase on what has come to be known as “Bitcoin Day” in the country. Adoption of the government-issued bitcoin wallet, Chivo, had grown rapidly as residents of the country took advantage of the $30 sign-up bonus.