---
title: El Salvador's Bitcoin Bet
description: El Salvador's Bitcoin Bet
---

<https://www.barryinvestmentadvisors.com/blog>

# [El Salvador's Bitcoin Bet](https://www.barryinvestmentadvisors.com/blog/el-salvadors-bitcoin-bet)

 Written by [Barry Investment Advisors](https://www.barryinvestmentadvisors.com/blog/author/barry-investment-advisors) | Aug 12, 2022 5:35:37 PM

In 2022, El Salvador made headlines by becoming the first nation to accept Bitcoin as legal tender. This vision included plans for a "Bitcoin City" that would mine the cryptocurrency using electricity from a nearby volcano. As we know, crypto prices have declined dramatically in recent months, and this video explains how falling prices have impacted El Salvador's strategy for becoming the first crypto-powered nation.

                                                     

 

[View full post](https://www.barryinvestmentadvisors.com/blog/el-salvadors-bitcoin-bet)

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