Miss Universe El Salvador Walks The Ramp Wearing Bitcoin Costume

The National Costume competition is one of the anticipated highlights of the Miss Universe competition. This portion lets candidates from each country to creatively show their culture and heritage.

On the preliminary Miss Universe event in Latest Orleans, Alejandra Guajardo, El Salvador’s candidate, was seen wearing costumes depicting various currencies from the country’s history, including Bitcoin.

Bitcoin On The Highlight At Miss Universe Pageant

The Miss Universe pageant is a highly anticipated global event, and the Central American nation used the prospect to showcase its affinity for the unique cryptocurrency.

El Salvador became the primary nation to acknowledge bitcoin as legal tender in 2021.

Guajardo’s costume was created by Salvadoran designer Francisco Guerrero, in accordance with the El Salvadoran news website El Salvadorgram.

In accordance with the report, it’s a custom piece for the Miss Universe pageant that depicts the expansion of El Salvador’s money from its poor beginnings to its current state.

The competition involves around 90 stunning women from all the world over. The preliminary event for the 71st Miss Universe kicked off on January 11, 2023 in Latest Orleans.

El Salvador embraced Bitcoin in the course of the golden age of cryptocurrencies, the second quarter of 2021.

Bitcoin And The Miss Universe: Beauty And The Crypto 

Bitcoin takes center stage in the course of the preliminary night on the Miss Universe event, bringing together cryptocurrency technology on stage with the among the world’s beautiful women.

The Miss Universe El Salvador candidate represented her country’s push for widespread adoption of the crypto as other delegates donned their very own cultural symbols crafted by renowned fashion designers.

Composite shows Puerto Rico's Ashley Cariño, Guetamala's Ivana Batchelor, and El Salvador's Alejandra Guajardo in the course of the national costume competition of Miss Universe 2022 (Screengrab from Miss Universe/Facebook).

Meanwhile, the Bitcoin price reached a record high of $68,790 on November 11, 2021. As of writing, Bitcoin is trading at $18,835, up 12% within the last seven days, data from Coingecko show.

In 2022, the market capitalization of cryptocurrencies surpassed $1 trillion. In comparison with the previous 12 months, the market valuation increased by 67.35%.

El Salvador approved a law on Wednesday that regulates the issuance of digital assets by each governmental and business enterprises.

The country’s president, Nayib Bukele, and the ruling party advisable the proposal to encourage domestic and foreign investment.

The act seeks to offer individuals, organizations, and the federal government with additional financing options.

The bill also sets the legislative framework for “Volcano Bonds,” or Bitcoin-backed bonds. The nation goals to make use of the bonds to repay its debt and fund the creation of “Bitcoin City.”

BTC total market cap at $362 billion on the day by day chart | Chart: TradingView.com

Meanwhile, El Salvadorans usually are not very considering Bitcoin. In accordance with a study of 1,269 individuals conducted by the José Simeón Caas Central American University (UCA) in October, lower than 25% of respondents used cryptocurrencies within the previous 12 months.

Only 17% viewed the Bitcoin launch as a hit, while 66% considered it as a failure. And 77% want Bukele to stop purchasing Bitcoin with public funds.

-Featured image by Imgur

Leave a Comment

Copyright © 2024. All Rights Reserved. Finapress | Flytonic Theme by Flytonic.