Monday 20, September 2021 • 7:00 am
Since September 7, when the Bitcoin Law began in El Salvador, the value of this currency has not recovered the highest value of that day: $ 52,427.48 per bitcoin.
This Sunday, bitcoin ranged between $ 46,202 and $ 48,197.
According to data recorded on CoinMarketCap, since September 7, the highest dollar value of each bitcoin has been 48,275.32. However, day by day and hour by hour, minute by minute, this currency keeps fluctuating.
On September 7, 2021 alone, the value of bitcoin was $ 52,427.48. However, at the end of the day it fell to $ 46,130.44.
Since then, its value has fluctuated, with the steepest falls on September 8, September 10 and September 13, to values of 45,192 to 44,008.
Since that date, the highest peak of the dollar value of this cryptocurrency was achieved on September 17, at $ 48,707.11.
However, compared to the lowest value in which it fell that September 7, bitcoin has risen 2.9%, $ 1,339.36.
Since it was announced that presidential re-election was allowed and the validity of bitcoin, El Salvador is the country in Latin America where the risk profile has increased the most ”. Ricardo Castaneda, Icefi / Twitter economist
The Bitcoin Law entered into force in El Salvador that day. To promote its implementation, the Government has allocated $ 205.3 million initially, most of which will be used to offer the service of immediate conversion to dollars.
In addition, this amount includes the 30 dollar bonuses that it gives to Salvadorans who download the Government’s Chivo wallet application.
The opposition to bitcoin in El Salvador is great: 67.9 percent of Salvadorans disagree or strongly disagree with the measure; The government, however, maintains that it will generate investment and economic growth in the medium term.