Tourism In El Salvador Rises In Spite Of Bitcoin Bear Run

Tourism In El Salvador Rises In Spite Of Bitcoin Bear Run


El Salvador was the first country to make Bitcoin a legal tender. Though some speculations have given pessimistic forecasts on the implications for the nation, things seem to be moving in a contrary wave.

El Salvador’s tourism record has shown a tremendous spike for the first half of 2022. According to government data, the country noted an 82.8% rise in the year, with up to 1.1 million visitors.

As a country that uses BTC as part of its tender, the impact of the price drop should have affected such data. But the increased result defiled Bitcoin’s bearish trend, which plummeted to 50% from January 1, 2022.

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The World Travel Organization (WTO) gave its record, confirming El Salvador’s tourism claims. WTO data places the country among

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