Bitcoin Law: El Salvador declares Bitcoin as legal tender
Bitcoin is the most valuable digital asset but volatile Bitcoin is a decentralized digital currency that uses peer-to-peer technology to operate with no central authority or banks. It was created by Satoshi Nakamoto and its ledger started on January 3, 2009. Since its inception, it has become the most valuable and popular igital asset in the world. Tesla & Bitcoin pic.twitter.com/YSswJmVZhP — Elon Musk (@elonmusk) May 12, 2021 2021 has been a highly volatile year for Bitcoin. In April 2021, it touched an all-time high of $ 65,000 (roughly ₹ 47.7 lakhs). On May 13, Tesla CEO Elon Musk announced that his company would no longer accept Bitcoin as a payment mode. In the same month, Bitcoin prices corrected by more than 50 percent from the all-time high. After a few months of consolidation, it reclaimed the $ 50,000 level (roughly ₹ 36.8 lakhs). Bitcoin declared legal tender in El Salvador September 7, 2021, marked the “beginning of a new dawn,” as El Salvador, officially the...