Thousands Of People Plan To Buy $30 Of Bitcoin To Celebrate El Salvador
People from all over the world are planning on buying $30 worth of bitcoin to celebrate El Salvador making it legal tender.The world is about to change forever as today is the last day on planet Earth where bitcoin won’t...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
People from all over the world are planning on buying $30 worth of bitcoin to celebrate El Salvador making it legal tender.
The world is about to change forever as today is the last day on planet Earth where bitcoin won’t be legal tender somewhere. Because tomorrow, BTC officially becomes legal tender in El Salvador, marking a historic milestone in Bitcoin’s journey to becoming the world reserve currency.
To jump-start bitcoin usage in El Salvador, citizens will have the option to receive a free $30 in BTC via the government’s Chivo wallet app. This is to incentivize El Salvadorians to get off 0 and start using the world’s hardest money in their everyday lives.
This has sparked a lot of enthusiasm and excitement amongst Bitcoiners from all over the world who are eager to participate in this event. Bitcoiners tend to start and pick up trends very quickly, so it was no surprise to me to see a gigantic Reddit thread of Bitcoiners from all over the world coordinating the time on September 7th where they’d all buy their $30 in BTC to celebrate this landmark achievement.
Reddit ThreadThis trend spread like wildfire with people spreading the message across many different social media platforms, especially Twitter, where even heavy hitters like MicroStrategy’s CEO, Michael Saylor, used his massive platform to ask people “Will you join us?” in buying $30 in BTC tomorrow. The post was met with thousands of likes, retweets, and hundreds of comments from individuals planning on participating in the event.
Many located in the famous Bitcoin Beach in El Zonte, have already been using bitcoin as a means of exchange. The Chief Strategy Officer at the Humans Rights Foundation, Alex Gladstein, is in El Zonte at the time of writing this and he recently showcased just how easy it is to use BTC as a currency in this video where he pays for his coffee in bitcoin:
So as of tomorrow, BTC is set to become legal tender and Bitcoiners from all over the world are ready to give the people of El Salvador a warm welcome to Bitcoin. Coordination on events like this really shows the camaraderie amongst people fighting in this monetary revolution with the goal of fixing the money, thus fixing the world. This revolution is not being televised, it is being broadcasted through niche areas on social media.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Best Crypto Currencies To Buy Now: Small Invests in PeptideSwap Token, Could Yield Gold
Finding the ultimate low cost asset is every trader’s dream right now. It’s the best crypto to invest $10. And perhaps that fantas...
OpenWorld launches tokenized OPNW shares on Solana
OpenWorld's tokenization of shares on Solana could revolutionize capital markets by enhancing liquidity, accessibility, and global...
China central bank probes Solana after Shanghai shutdown, report
China’s central bank has launched an investigation into Solana after authorities shut down an “illegal” promotional Solana event l...
Paraguay Bank Crisis Sends USDT to 13% Premium After Ueno Freeze Hits 3M Customers
Key Takeaways: Bybit P2P listing also went about 13% cheaper than Paraguay’s official dollar rate in USDT. The failure of Ueno Ban...
National Bank of Ukraine opposes crypto legalization bill over sovereignty concerns
The NBU's opposition highlights the tension between embracing innovation and maintaining control over national financial systems,...
Binance CFO Kaiser Ng Exits After 5 Years, Justin Yek Takes Over Finance Leadership
Key Takeaways: After five years, CFO of Binance, Kaiser Ng stepped down to head other businesses. He will be replaced by Airwallex...