Let’s watch as libertarians blow up the balance-of-payments and invigorate wild price fluctuations into an economy.

El Salvador becomes the first country to adopt Bitcoin as official currency
El Salvador’s Bitcoin law comes into force on Tuesday following its announcement in June, making the country the first to adopt cryptocurrency as legal tender along with the US dollar. On the eve of the implementation of the new law, El Salvador President Nayib Bukele announced the purchase of 400 bitcoins, worth around $20 million. Bukele has claimed the move would increase financial inclusion, investment and economic development; however, there have been protests against it, with many saying they do not know how to use the digital coin, Sky News reported.

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