El Salvador‘s ‘Bitcoin Week‘ Attracts Crypto Adherents for Partying and Preaching

<p>Bitcoin bulls, undeterred as ever, travelled to the first country to legalise the cryptocurrency for a week of events and revelry.</p> <p>The Bitcoin community descended on El Salvador this week, the world's first country to legalise the cryptocurrency, reiterating their extremely bullish stance on the digital currency while shrugging aside the digital coin's recent decline from record highs.</p> <p>They were in El Salvador as part of "Bitcoin Week," a series of events anchored by two conferences and highlighted by a slew of parties and impromptu get-togethers that allowed industry insiders and crypto devotees alike to declare their allegiance to the digital token they regard as a global game-changer.</p> <p>Wearing hats with the Bitcoin symbol and T-shirts with the crypto mantra "buy the f*cking dip," believers who travelled to the Latin American country stated that they are unconcerned about recent price swings and are in it for the long haul.</p> <p>The week's highlight was the biennial Latin America Bitcoin and Blockchain Conference, which concluded on Friday after three days.</p> <p>On Wednesday night, hundreds of Bitcoin proponents danced to Latin rap music in front of a live music stage outside the event, downing cans of Pilsener and Golden, two popular local beers, as they condemned the US currency and warned of impending hyperinflation.</p> <p>"To me, the dollar looks antiquated," said Jose Schierano, 51, owner of an ice cream delivery business who was wearing white shorts and a black shirt that read "Bitcoin Country" in reference to El Salvador.</p> <p>Schierano stated that he travelled to LaBitConf from Cordoba, Argentina, to hear panellists speak. He also attended a different conference earlier this year in Miami, at which El Salvador's President Nayib Bukele announced that Bitcoin will become legal cash. The Argentine peso has depreciated by 16 percent against the dollar this year, and severe foreign currency regulations in Argentina limit Schierano to withdrawing $200 in American money per