El Salvador is hosting a Bitcoin Beach Party with Top Bitcoin (BTC) Maxis from DailyCoin

©Reuters. El Salvador hosts Bitcoin Beach Party with top Bitcoin (BTC) Maxis

• El Salvador recently launched a nationwide education program.
• Both internal and international tourism increased by leaps and bounds.
• Nayib Bukele takes Bitcoin’s price drop as a buying opportunity.

El Salvador, the small Latin American nation that became the first country to accept Bitcoin (BTC) as legal tender, has outlined plans for the New Year of the Black Rabbit, with the next Bitcoin Beach event to be held in El Zonte on January 30, 2023.

The bitcoin event was announced by bitcoin maximalist Stacy Herbert and will start at 7:00 p.m. local time. According to Herbert’s warm invitation, there is much to expect:

“Come with us to Bitcoin Beach for surfing, sushi, margaritas, and Cuban jazz… and lots of bitcoin talk.”

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Book your flights to El Salvador! Monday 30 January at 7pmMax & Stacy are back at @GartenZonte in El ZonteJoin us at Bitcoin Beach for surf, sushi, margaritas and Cuban jazzAnd lots of bitcoin talkFollow @OrangePillParty for details https://t. co/09sBIporxD pic.twitter.com/7ElTiVU5ZD

— Stacy Herbert (@stacyherbert) December 28, 2022

Max Keizer and the Volcano Bonds

Max Keizer is the BTC evangelist who has written several books about his bitcoin journey, described as “relentless optimism in the age of bitcoin.” Interestingly, the filmmaker, broadcaster and journalist obtained El Salvadoran citizenship and became one of the top stars of Bitcoin Beach in El Zonte. Keizer and his wife, Stacy Herbert, created the Orange Pill Party to raise awareness of the overall benefits of Bitcoin and blockchain technology to society.

The crypto couple has been involved in Bitcoin Lightning educational events across El Salvador sponsored by pro-Bitcoin President Nayib Bukele. Bitcoin-loving Bukele drew up plans for a Golden Bitcoin City with a volcano at its heart. Soon after, Keizer became obsessed with the idea as El Salvador could be the world’s first crypto hub powered by Bitcoin. Ultimately, BTC-backed Volcano bonds would bring many investors to El Salvador and increase adoption.

“The antidote to censorship and extreme censorship has always been art and extreme art. Bitcoin is the most extreme art possible, immune to all censorship.”⁰⁰— Max Keizer#BTC $16,524 https://t.co/vMUrHVS2LW pic.twitter.com/ojb45VSu1P

— El Psycho Brandon Martin “F**K INSLEE” (@elbrandonmartin) December 30, 2022

El Salvador is still getting used to BTC

In fact, Bitcoin Lightning technology allows the unbanked in El Salvador to pay their bills without taking a long bus ride. At the same time, international tourism has skyrocketed due to Bitcoin Beach and the country’s positive attitude towards crypto. Unpopular with mainstream media, Mr. Bukele agrees with Max Keizer’s definition of Bitcoin’s power:

“Bitcoin is the most extreme art possible, immune to all censorship.” However, recent research shows that the Chivo app released by the government of Nayib Bukele was not tied to the public or businesses. Most users rushed to sign up for the mobile app to claim the $30 bonus, which is three working days for an average El Salvadorian.

As the president continues his bold crackdown on gangs, promotes bitcoin maximalism, and focuses on international tourism, Stacy Herbert describes El Salvador’s trip as “the biggest rebranding in history.”

Amazing thread on #Bitcoin + #Bukele = Biggest rebrand in history cost nothing at all! Compare that to the more than $550 million a previous government spent marketing CAFTA… Or the many tens of billions Qatar spent on the World Cup https://t.co/Rtr56rXwz6

— Stacy Herbert (@stacyherbert) January 2, 2023

On the flip side

• Nayib Bukele’s crypto portfolio is still heavily in the red. Also that of the President BTC purchases are down 62.02% with $41 million remaining from the initial $108 million.
• The Bitcoin-loving president also intends to buy one BTC daily, using DCA (dollar cost averaging) tactics since November 18, 2022.

Why you should care

El Salvador is a global leader in crypto adoption, being the first country to adopt Bitcoin (BTC) as legal tender.

Learn more about the global progress in crypto adoption:

Is Europe Ready to Become a Crypto Enthusiast’s Dream?

Japan to lift ban on foreign stablecoins in 2023: report

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