The NGO is mainly active in El Salvador. It says that it carries out BTC “education drives.”
We've taught 35,000 students about #bitcoin.
Learn how we plan to reach 100,000 students. 👇🏼We've brought bitcoin to tens of thousands of students in El Salvador in less than three years. But this is just the beginning! 🇸🇻🌍
🔗 https://t.co/zhkyb5c1Ms
Help us with a… pic.twitter.com/ncAzfajGaf
— Mi Primer Bitcoin (@MyfirstBitcoin_) August 13, 2024
Caveats Aplenty
However, as is the case with many mainstream media articles focusing on Salvadoran Bitcoin adoption, the AFP report also carried no shortage of caveats.
The news agency quoted University Institute for Public Opinion Director Laura Andrade as saying:
“From the beginning […] it was clear that [Bitcoin adoption] was […] an ill-advised measure that the population rejected.”
The report’s author noted that “while Osorio has grown relatively wealthy with Bitcoin,” a study by the same body “showed that 88% of Salvadorans had yet to use it.”
Salvadoran President Nayib Bukele, the architect of the nation’s BTC adoption plans, has claimed the government is holding around $400 million worth of Bitcoin in offline (cold) wallets.
“We offered Bitcoin as an option. And those who chose to use it have benefited from [Bitcoin price] rises.”
El Salvador President Nayib Bukele