El Salvador's long-awaited bitcoin conference, which was in the limelight in 2021 after the small nation became the world's first to adopt the cryptocurrency as legal tender, has lost its luster this time amid a deep rout in the digital currency universe.
The absence of big names from the bitcoin world and empty seats were noticeable at "Adopting Bitcoin: A Lightning Summit in El Salvador," which began Tuesday and ends Thursday in the capital of San Salvador.
Like other cryptocurrencies, bitcoin fell sharply over the year as U.S. Federal Reserve interest rate hikes and ultra-high inflation prompted investors to ditch riskier assets.of crypto exchange FTX, now trading around $16,600, from an all-time high of nearly $69,000 in November last year.
"El Salvador will become the financial and tech center of Central America. The noise won't distract the builders," Ardoino added after meeting with El Salvador President Nayib Bukele.
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