The Miss Universe contestant from El Salvador surprised viewers this year by wearing bitcoin as part her national costume. El Salvador has made cryptocurrency legal tender and passed a new regulatory framework that will allow it to issue its long-awaited Volcano bonds, which are bitcoin-backed.

Miss Universe 2023 Showcases Bitcoin

Alejandra Guajardo (El Salvador Miss Universe 2023) surprised viewers Wednesday night by her choice of costume. Guajardo walked onto the stage in the 71st Miss Universe National Costume Show wearing a costume representing “the evolution of the Salvadoran currency,” the Miss Universe El Salvador official Instagram account described, adding that the outfit is designed by Francisco Guerrero.

Miss El Salvador’s national costume features cacao beans, the colón, the U.S. dollar, and the Bitcoin symbol. In El Salvador, cacao was originally used as currency. The colón became the official currency of El Salvador from 1892 until it was replaced by the U.S. dollar in January 2001. The costume’s predominant colors are gold, silver, and bronze.

El Salvador now has bitcoin as legal tender. El Salvador became the first country to make the world’s largest cryptocurrency legal tender in September 2021. The country, led by Nayib Bukele, a pro-bitcoin president, has since purchased thousands of BTC for its Treasury. Bukele made the announcement in November last year that his country would purchase bitcoin every single day.

The digital asset issuance bill that was introduced last November by the Salvadoran legislative body was passed on Wednesday by the Salvadoran legislative Assembly. It also includes a new regulatory framework to allow the issuance of Volcano bonds, which are bitcoin-backed. “This new digital asset regulatory framework paves the way for its much anticipated Volcano token issuance,” according to Bitfinex, which will be a technology provider for the nation’s Volcano token.

What do YOU think Miss El Salvador’s display of bitcoin in Miss Universe 2023 Please comment below.

Kevin Helms

Kevin is a student in Austrian Economics. He discovered Bitcoin in 2011 and has been an evangelist for it ever since. His interests include Bitcoin security and open-source systems. He is also interested in network effects and the intersection of economics and cryptography.

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