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This Week In Bitcoin is a new segment that covers the events of the week that occurred in the Bitcoin industry, covering all the important news and analysis.

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This was the week of El Salvador. Since President Nayib Bukele’s announcement in Miami in Bitcoin 2021 that El Salvador would adopt Bitcoin as legal tender, the internet has been on fire. Since then, the country’s parliament has made it official, voting with a supermajority in favor of the bill. There has also been talk of establishing mining operations in the country and allowing investors with 3 BTC or more to take up residence in El Salvador, prompting other Central American countries to show interest in following suit. I have long said that the first country to officially adopt bitcoin will be a pioneer and this week El Salvador did just that.

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