Behind Bitcoin Becoming El Salvador's Legal Tender, It's Still a Dollar Slave

On June 9, a historic moment arrived. El Salvador passed the bill with an "absolute majority" vote, officially making Bitcoin legal tender in the country, meaning El Salvador became the first country in history to officially designate Bitcoin as legal tender. The bill document released by President Nayib Bukele shows that the bill aims to make Bitcoin an unrestricted legal tender with liberating power that can be freely traded in the future. The document states that the Bitcoin to US dollar exchange rate will be determined by the market.