El Salvador president to speak at Bitcoin 2022

Andrew Yang, former member of the US Democratic Party, will also be speaking at the event

El Salvador president Nayib Bukele                                 
El Salvador made history by becoming the first nation to accept bitcoin (BTC) as legal tender on 7 September this year – Photo:Alamy
                                

President Nayib Bukele of El Salvador will speak at the worlds biggest bitcoin conference, Bitcoin 2022, in Miami, Florida.

El Salvador made history by becoming the first nation to accept bitcoin (BTC) as legal tender on 7 September this year.

BTC Inc, organiser of the Bitcoin conference, said Bukelewill share his experience in purchasing massive amounts of the asset, challenging the assumptions of international bodies, and gifting every citizen of his country $30 worth of bitcoin”.

Bukele believes the adoption of BTC in El Salvador has seen economic growth that was “sparked by the opportunity that bitcoin provides”.

Expecting 35,000 attendees in 2022

Miami mayor Francis Suarez wants to make the city the next crypto capital of the world. In June, the Florida city held Bitcoin 2021, the largest crypto gathering ever, which had a sold-out 12,000-strong crowd. The event saw talks from Jack Dorsey, CEO of Twitter and Square, bitcoin bull Michael Saylor, who is CEO of MicroStrategy Incorporated (MSTR) and is due to speak at the conference again this year, and skateboarding legend and bitcoin investor Tony Hawk.

Bitcoin 2022 is expected to attract over 35,000 people. The four-day event will feature an industry day, two general conference days and culminate in the Sound Money Fest, the world’s first bitcoin music festival, which will feature such artists as Logic and MO.

Bukele to update on El Salvador’s bitcoin adoption

President Bukele said: “After virtually announcing my intention to make bitcoin legal tender in El Salvador at Bitcoin 2021, I am pleased to be speaking at Bitcoin 2022 in person to deliver an update on the progress we have made as the worlds first Bitcoin-native country. El Salvador now has more citizens who have a bitcoin wallet than have a bank account. Bitcoin is bringing financial access and freedom to millions of Salvadorans.”

David Bailey, CEO of BTC Inc said: “We are beyond thrilled to welcome President Bukele to Bitcoin 2022. El Salvador is leading the way for the world by plugging its economy into the Bitcoin network. Last year’s announcement was a watershed moment for bitcoin and for the world. We’re all eager to hear from President Bukele how the rollout has progressed and learn how we can each help to build a more robust, global monetary system using bitcoin.”

Andrew Yang also set to speak

Andrew Yang, former member of the US Democratic Party and candidate for the 2020 Democratic Party Presidential Primaries, will also be speaking at the event.

In October, Yang announced that his recently formed Forward Party, a political organisation seeking to form a new political party in the US, aims to be the US Crypto Party.

The slogan of the Forward Party is: “Not right. Not left. Forward”. Yang made these pro-crypto comments on the Bankless podcast called ‘Forward with crypto | Andrew Yang’.

Yang wants to relate to the American crypto enthusiast and at the time said: “I want to make the Forward Party the Crypto Party, truly. Because I see the alignment as very, very deep. I want to make the case to legislators the cryptocurrency community is a force for progress, a force for innovation, a massive provider of jobs.”

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