JAKARTA Alejandro Guajardo is a woman who represents her country, El Salvador, in the Miss Universe 2023 contestation. The beautiful woman had stolen the public's attention because of her costume appearance in a performance on Wednesday, January 11 yesterday.
In the 71st Miss Universe National Clothing show, Guajardo walked on stage wearing costumes equipped with Bitcoin symbol decorations. It represents the evolution of the currency in the country, from cocoa, fiat, to cryptocurrency. The outfit was designed by Fracico Gueks.
In addition, Miss El Salvador's national costume features cocoa beans, collmens, US dollars, and Bitcoin symbols. Initially, cocoa was used as currency in El Salvador. Col! became El Salvador's official currency from 1892 until it was replaced by the US dollar in January 2001. The dominant color of this costume is gold, silver, and bronze.
For information, on Tuesday 9 September 2021, El Salvador officially ratified Bitcoin as the country's official medium of exchange. El Salvador's President Nayib Bukele has taken a bold step by adopting Bitcoin. El Salvador is in the spotlight of the world.
However, not a few are skeptical of the decision. Some residents of El Salvador are concerned about the volatility of cryptocurrencies. Crypto asset prices can soar but can also fall freely.
Of course, the adoption of Bitcoin can facilitate remittances from abroad. Transfers can be faster and more efficient than via banks. Even so, El Salvador's move cannot be separated from the pros and cons. Now bitcoin is a legal tender in El Salvador with the US dollar.
El Salvador became the first country to make the world's largest cryptocurrency a legal tender in September 2021. Since then, the country led by pro-bitcoin president Nayib Bukele has bought thousands of BTC for its treasury. In November last year, Bukele announced that his country would buy bitcoins every day.
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