The experimentation of Bitcoin as legal tender in El Salvador (2021-2025) and prospects for digital finance
Atzori, Alessandro (A.A. 2024/2025) The experimentation of Bitcoin as legal tender in El Salvador (2021-2025) and prospects for digital finance. Tesi di Laurea in Digital finance, Luiss Guido Carli, relatore Paolo Bonolis, pp. 130. [Master's Degree Thesis]
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Abstract/Index
The new finance. Historical background on the birth of cryptocurrencies. The blockchain. The mining. Bitcoin. The security of Bitcoin’s blockchain. The Altcoins. The stablecoins. CBDCs. General strengths and weaknesses of cryptocurrencies. The exchanges. Legal regulation of the industry. The El Salvador case (analysis of the Bitcoin experiment 2021-2025). El Salvador: geographical, economic and geopolitical background. The Nayib Bukele presidency and related controversies. The law of 9 june 2021 to adopt Bitcoin as legal tender. Incentive decisions taken by President Bukele for the adoption of Bitcoin. Criticism and risks of the Bitcoin experiment. Situations as of december 2024. The new law 29 january 2025. Relations and tensions with the International monetary fund. Macroeconomic impact in El Salvador 2021-2025. GDP growth and economic performance. Inflation and price stability. Foreign direct investment and investment climate. Remittances from abroad. Financial inclusion and bitcoin usage in the population. ESG impacts. Experimental and comparative analysis (Bitcoin readiness index and counterfactual simulation). Bitcoin readiness index (BRI) - country readiness for Bitcoin adoption. BRI comparison: El Salvador and developed economies (USA, Italy, Germany, Japan, Switzerland). What if a developed country adopted Bitcoin? (counterfactual simulation). Lugano’s plan B–A localized experiment in crypto adoption.
References
Bibliografia: pp. 124-128.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77) |
| Chair: | Digital finance |
| Thesis Supervisor: | Bonolis, Paolo |
| Thesis Co-Supervisor: | Casertano, Gaetano |
| Academic Year: | 2024/2025 |
| Session: | Autumn |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 19 Mar 2026 14:24 |
| Last Modified: | 19 Mar 2026 14:24 |
| URI: | https://tesi.luiss.it/id/eprint/45211 |
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