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What the article doesn't talk about is the huge amount of hype he's generated and the amount of tourism he's encouraged/ The fact that everyone is discussing El
by TrapLord_Rhodo 4y ago
What the article doesn't talk about is the huge amount of hype he's generated and the amount of tourism he's encouraged/ The fact that everyone is discussing El Salvador.
He's put them on the map as a country. When i went to El Zonte in 2017 it was pretty much a normal Central american beach town. Very poor, very little infrastructure, not alot of tourists. I went again this last April and it is absolutely packed, they've redesigned the pramanade and added tons of hostels and hotels. People flock to this area from around the world to use bitcoin.
Is is a gimick, yes. Has el Salvador definitely made more than $65m thanks to crypto bro tourism & foreign investment, yes.
Will the BTC investment pay off and make el salvador richer? it already has.
- fomine3 4y agoHow much cryptotourism done?
- picsao 4y agoCryptourism nice portmanteau
- ulfw 4y agoI am sorry "everyone" is discussing El Salvador and is touristing there because of bitcoin? What?! Do you have even the slightest proof for that?
- aaaaaaaaata 4y agoThey just said they were recently there. If you don't want to look up YouTube videos, or StreetView to confirm for yourself, what else are you expecting from us, here?
- EdwardDiego 4y agoActual visitor number data is a good start.
- el-salvador 4y ago> I am sorry "everyone" is discussing El Salvador and is touristing there because of bitcoin? What?! Do you have even the slightest proof for that? It did. In part because of the bitcoin news and also because El Salvador eased covid restrictions before the neighbouring countries. Airbnb reported a 280% growth in bookings in El Salvador https://twitter.com/BitcoinMagazine/status/1538965470589616128 https://twitter.com/BitcoinMagazine/status/15389654705896161... However prices for stays in El Salvador have doubled in price everywhere. Salvadorans living there feel priced out. A common complaint among El Salvador twitter users is complaining about local Airbnb prices.