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Is it Bitcoin furor or political furor?

Thousands of people in El Salvador took to the streets on Sunday against President Nayib Bukele. El Salvador is a tiny nation in Central America whose a population of not more than 65 lakhs. In general, no one shows interest in agitations that occurred in El Salvador. After adopting Bitcoin as legal tender in the country, El Salvador got everyone’s attention in the world. Economists and Cryptocurrency sympathizers are very much eager to know the economy in El Salvador after September 07th which was the effective date of implementing Bitcoin as the official currency.  At least 4,000 people marched through the capital of San Salvador with banners and placards against President Nayib Bukele.


They shouted against President for bitcoin adoption and the removal of Supreme Court judges. Bukele who seeks to elect for a second term as President proclaimed himself as "dictator" of the Central American country on his Twitter account last month. Bukele's party voted to fire the judges on the constitutional panel of the Supreme Court, among the most senior jurists in the country, as well as the then-attorney general. That triggers harsh criticism from internal opposition, the United States as well as top international rights groups. The action of sacking Supreme Court judges, which many of his critics see as a power grab.


Bitcoin magazine says Bitcoin rose by over 30% after El Salvador gave its citizens after the government gave its citizens $30 and the citizens have gained $9 as ROI. BTC is up by 2.42% and trades at $62,286 in the last 24 hours. Protesters are including Bitcoin in their agenda against President which is a key decision that impacts people in the country. El Salvador is betting on green energy for the future of crypto mining. The country is using volcano heat to help mine Bitcoin, hoping to become a top destination for green-energy mining. El Salvador took great initiative and contributed greatly to the development of bitcoin. El Salvadorians are massively exchanging their US Dollar savings in order to purchase Bitcoin. Projecting the protest in El Salvador is not against Bitcoin but against Nayib Bukele's political decisions.
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