2021, el salvador became the first country in the world to make bitcoin legal tender. alejandra guajardo, el salvador’s representative at miss universe 71, wore a bitcoin-themed outfit during the pageant’s national costume show on wednesday night, designed by plastic artist francisco guerrero. the ensemble placed a special emphasis on the reigning king of digital assets. additionally, el salvador passed its digital securities law on wednesday, providing a framework for strict consumer protections in the broader crypto market.
Enactment of el salvador’s bitcoin law and guajardo’s costume took place on wednesday night, during the miss universe 71 pageant. the currency ensemble was designed by plastic artist francisco guerrero and placed a special emphasis on the reigning king of digital assets. additionally, el salvador’s digital securities law was passed on the same day, providing a framework for strict consumer protections in the broader crypto market.
Salvador’s decision to make bitcoin legal tender was likely motivated by the nation’s desire to provide financial stability to its citizens and reduce the reliance on the u.s. dollar. additionally, president nayib bukele has remained a steadfast flagbearer for the digital currency and has been involved in promoting numerous btc adoption initiatives. the currency ensemble worn by guajardo was a symbolic representation of el salvador’s commitment to bitcoin. furthermore, the bond issuance plan will invest proceeds into both buying bitcoin and building out its geothermal-powered “bitcoin city.” it is unclear if president nayib bukele had any direct role in guajardo’s choice in wardrobe for the pageant.