Bitcoin advocate Jamie Robinson recently highlighted a visible sign of Bitcoin’s increasing presence in El Salvador: digital displays showing the price of the leading cryptocurrency. These displays, strategically placed at a major intersection in the capital city of San Salvador, are seen by thousands of commuters daily.
Robinson, who serves as the Chief Strategy Officer of The Bitcoin Hardware Store, pointed out that the displays will constantly remind people of Bitcoin’s price fluctuations over the next year. This could potentially generate more interest and awareness about the cryptocurrency among the general population.
El Salvador has been aggressively pursuing Bitcoin integration since adopting it as legal tender in 2021. The nation’s ambitious ‘Bitcoin City’ project secured a $1.6 billion investment from a Turkish company, marking the largest private investment in the country’s history. Additionally, the Ministry of Education is partnering with a non-profit organization to introduce Bitcoin education into public school curriculum by 2024.
However, despite these efforts, the adoption of Bitcoin as a legal tender in El Salvador hasn’t seen the expected widespread uptake. President Nayib Bukele acknowledged that the results could have been better but reiterated that the choice to use Bitcoin remains with the public.
The appearance of these Bitcoin price displays could be interpreted as a move towards greater visibility and normalization of Bitcoin in the country. It remains to be seen whether this visual representation will significantly influence Bitcoin adoption in El Salvador, but it certainly adds another layer to the ongoing narrative surrounding Bitcoin’s integration into the mainstream.
