Bitcoin and El Salvador

On 6/9/2021 El Salvador became the first country which made bitcoin a legal tender. That action provoked a lot of controversial regarding the success of the experiment. Bitcoin s popularity increased more and more the last years. El Salvador s decision to adopt Bitcoin as currency gave to its devotees the hope that other countries will follow El Salvador and that someday bitcoin will replace dollar as a currency. On the other hand some financial observers raised concerns about the cryptocurrency''s volatility. IFM announced that there are some economical and legal issues which must be concerned.Where does the true lye? Will El Salvador s experiment succeed? Can bitcoin be used as a currency and will it take the place of dollar? That survey tries to give answers on some of the above questions.