Learn Bitcoin. September 7, 2021 marked a decisive step for the salvador with the legal recognition of Bitcoin as an official currency. This controversial decision, raising the political, economic and social stakes of the small Latin American country, imposed on the government of President Nayib Bukele the ambitious challenge of educating its citizens to the queen of cryptocurrencies. A mission that the story of Gerardo Moran would attest to as a real success. Explanations.
From dollar reality to BTC dream
Our man of the day, or rather our teenager of the day, 18-year-old Gerardo Moran, expressed on social networks, in particular Twitter, his joy to return to teach in his old high school. Beyond his young age which already surprises, Gerardo’s job is to teach Bitcoin to 8 teachers, older than him.
Within days, Moran became a shining example of success thanks to the education program ” Mi Primer Bitcoin “. This program delivers a state diploma authorizing the teaching of bitcoin. In Moran’s socio-economic reality, this allowed him to quit his construction job where he earned just $6 a day. He had worked there since he was 11 years old.
“Earning $6 a day doing construction was no longer feasible for me, so I quit not knowing there was an opportunity ahead.”
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Bitcoin: El Salvador’s ambition
This program is the government’s way of getting to the root of the problem and motivate bitcoin adoption through the education of children and adolescents. Gilberto Motto, Minister of Education in El Salvador, had moreover in 2022 declared to CoinTelegraph:
“If we could reach every 16- or 17-year-old in the country, we would effectively teach the whole country in a year, because that demographic is really strategic. They go home and they go talk to their parents, their aunts, their uncles, their little brothers and sisters.
A political program that is part of a global strategy focused on Bitcoin. From easier taxation for FinTech companies, to Bitcoin City, Nayib Bukele puts his country on blockchain timeregardless of BTC price.
Moran’s testimony, widely shared by the media, highlights the El Salvador’s Pro-Bitcoin Policy and the social mobility that this could allow. At least, that’s what one might think. Let’s not be naive, however, testimonials similar to Moran’s success are not crowded at the gate and one might think that the story of this young man has been put forward like a tree hiding the forest.
The social ladder is certainly there, but let’s not forget that the realities and problems of El Salvador have not yet allowed the mass adoption hoped for by the governmenteven though 24% of Salvadorans now prefer BTC to the dollar.
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