I mean e. g. that business using btc gets a tax break for maybe five years or pay half the tax of fiat companies. If they pay their empolyees in btc. They will then raise the btc-pay and the employees will happily accept it and a circular economy starts.

Nothing else will work, in particular politics, btc-messiahs, public speeches and billboards will not work.

Note that most small businesses in El Salvador run on cash and pay no tax so what I say apply to bigger businesses.

taxd

bitcoin

Is El Salvador Benefitting from Bitcoin?

I think many Bitcoiners assumed the country would embrace Bitcoin right away, which clearly hasn’t happened yet. However, I’m hesitant to give a verdict on the success or failure of the project, we don’t even have a full year of data yet.

Re-wiring the entire financial infrastructure in El Salvador to be built on Bitcoin will take many years. I get the sense that Nayib Bukele is in it for the long haul, and am cautiously optimistic over the next decade.

When you say tax breaks, are you referring to income tax breaks? I believe they already have a 0% capital gains tax on Bitcoin.