El Salvador, a Central American country in Central America decided to move forward on September 6, 2021. Purchase 200 (BTCThe day was worth approximately $10.3 million. It was celebrated as a landmark day in crypto market history and received much attention. Many proponents believed that the purchase of bitcoin was a glimpse of the future of crypto-driven economies worldwide.

BTC’s value has dropped 55% since November, when it reached its all-time record of $69,000. And, with Bitcoin’s value seemingly in a downward spiral at the moment, many critics have ramped up their criticism of El Salvadoran President Nayib Bukele and his decision to Keep consuming more BTC.