El Salvador's adoption of bitcoin as legal tender in 2021 has led to significant developments, including a bitcoin reserve valued at approximately $630 million and plans for $1 billion in bitcoin-backed bonds. A key aspect of this initiative has been the establishment of a comprehensive Bitcoin education program, highlighted by Stacy Herbert, director of the Bitcoin Office. She emphasizes the importance of producing skilled Bitcoin engineers to support the growing demand from crypto companies relocating to the country. The education initiative has fostered a positive feedback loop where graduates secure jobs in the expanding crypto market, contributing to a vibrant tech scene in San Salvador. Despite recent negotiations with the IMF that affected the mandatory use of bitcoin payments, Herbert remains confident that these changes do not detract from the primary goal of empowering people through education. This commitment to developing a skilled workforce positions El Salvador as an attractive destination for crypto firms seeking a knowledgeable labor pool.

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