Delegate of El Salvador presented bitcoin at the Miss Universe pageant

71st Preliminary Round of the Competition"Miss Universe"began on January 11, 2023 in New Orleans.

10November 2021BTCreached an all-time high (ATH) at $68,789.63.The Miss Universe delegate from El Salvador took the stage in a bitcoin (BTC) costume.The 71st Miss Universe Preliminary Tour Contest began on January 11, 2023 in New Orleans.Almost 90 beautiful women from all over the world participate in the competition.After the opening ceremony, the next stage of the competition was the display of national costumes.Miss Salvadors costume bitcoin at Miss Universe 2023

Delegates from each country dressed in such a way thatexpress your culture, heritage or uniqueness. El Salvadoran representative Alejandra Guajardo's costume depicted ancient and modern currencies used by Salvadorans. The Central American country is quite popular among people familiar with cryptocurrency. El Salvador became the first country to officially declare Bitcoin as its legal currency in 2021. The first inhabitants of the country began to make transactions using cocoa seeds, and during the Spanish colonization, Macacao coins from Spain were used. Silver coins and coffee beans still play an important role in the country's economy. From 1892 to 2001, the country used a currency called “kolo”, which had the symbol “₡”. Full dollarization of the currency was carried out after 2001. Before January 2001, one US dollar was valued at 8.75 colones. After that, all financial transactions in the country were carried out in US dollars.

El Salvador acceptedBTCin the second quarter of 2021, which,supposedly was the golden era of cryptocurrencies. Cryptocurrencies have experienced a huge rise, reaching a market capitalization of $1 trillion. Compared to 2020, market capitalization growth was 67.35%. Additionally, on November 10, 2021, BTC reached an all-time high (ATH) – $68,789.63. The current price of BTC is over $18K, which is almost $50K below the ATH.