While the U.S. may be turning a corner with crypto, El Salvador has been deeply experimenting with it for years. Aside from making Bitcoin legal tender and buying $500 million worth of it, the nation has also started up a Bitcoin mining operation that uses energy from volcanoes, offering Bitcoin “volcano bonds.”
It appears the people of El Salvador have enjoyed the Bitcoin experiment so far as Bukele secured re-election in February this year. Nine months later, the country is richer to the tune of $100 million.