The first effects derived from Bitcoin adoption flourish in El Salvador and the country experiences a 30% increase in the last two months of 2021.
Valdez noted that El Salvador’s Bitcoin adoption has also impacted the flow of tourist visits, increasing the number of tourists coming from the United States. Prior to the Bitcoin law enactment, the majority of visitors was coming from neighboring countries in the Central American isthmus. Now, as many as 60% of tourists come from the United States, sheThe minister added that El Salvador’s tourism growth has exceeded the government’s expectations, reaching 1.4 million visitors instead of 1.
“We had projected $800,000 in foreign exchange but we obtained more than $1,400 million of income in foreign currency,” Valdez stated.The news comes shortly after Salvadoran President Nayib Bukele announced that El Salvador’s GDP grew 10.3% in 2021. The country’s exports, a major driver of economic growth, have also increased 13% year-over-year in January 2022.And now its exports grew 13% this January, compared to January 2021.
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