Salvadoran entrepreneurs and bitcoiners have gathered in Nuevo Cuscatlán for the "Adopting Bitcoin 2024" conference, demonstrating their confidence in the future of bitcoin. The cryptocurrency has experienced a significant increase in its value in recent days, reaching a new record close to $93,500, representing a 35% increase since Trump's election.
El Salvador became the first country to adopt bitcoin as legal tender in September 2021, alongside the US dollar, and has acquired a considerable amount of this cryptocurrency. However, a recent survey revealed that 92% of Salvadorans still do not use bitcoin for their everyday transactions, suggesting that mass adoption remains a challenge.
During the conference, Moisés Clarós, a bitcoiner and part of the Bit-Driver company, expressed his optimism about the future of bitcoin, stating that the price will continue to rise and could reach $100,000 this year. Additionally, he predicted that with Trump's return to power, bitcoin will experience further growth.
Miguel Torres, also linked to Bit-Driver, shared this positive outlook and emphasized that bitcoin's current momentum is beneficial for everyone's financial growth. For his part, Gerardo Linares, a cryptocurrency advocate in El Salvador, considers this a promising time for bitcoin holders.
At the conference, held in early November, various initiatives related to the use of bitcoin were presented, attracting a wide range of participants interested in this cryptocurrency. Although bitcoin is apolitical, some attendees are optimistic about the potential positive influence the Trump Administration could have on its global adoption.