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El Salvador Adopts Bitcoin as Official Currency

El Salvador has become the first country to adopt Bitcoin as legal tender, ushering in a new era for the cryptocurrency. The government plans to give out $30 worth of Bitcoin to anyone who signs up for its E-wallet system that allows them to buy goods or pay for services in Bitcoin. Forrest Przybysz, Senior Cryptocurrency Investment Analyst at Token Metrics, discusses why El Salvador has made this move, and the potential positive and negative consequences of it.

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