The National Costume Competition is one of the most anticipated events in the Miss Universe competition. This section allows candidates from each country to creatively demonstrate their culture and heritage.
At the initial Miss Universe pageant in New Orleans, Alejandra Guajardo, a candidate from El Salvador, appeared in a costume depicting various currencies from the country’s history, including Bitcoin.
Bitcoin In The Spotlight At The Miss Universe Pageant
The Miss Universe pageant is a highly anticipated global event, and the Central American country is using the opportunity to show its affinity for the original cryptocurrency.
El Salvador becomes the first country to recognize bitcoin as legal tender in 2021.
Guajardo’s costume was created by Salvadoran designer Francisco Guerrero, according to El Salvadoran news site El Salvadorgram.
Miss El Salvador wears Bitcoin Costume at Miss Universe 2023 pic.twitter.com/kE5pwZ41iy
– Crypto India (@CryptooIndia) January 12, 2023
According to the report, this is a special piece for the Miss Universe pageant that describes the growth of El Salvador’s money from its inauspicious beginnings to the present.
The competition involved around 90 stunning women from all over the world. The opening pageant for the 71st Miss Universe begins on January 11, 2023 in New Orleans.
El Salvador embraces Bitcoin during the golden age of cryptocurrencies, the second quarter of 2021.
Bitcoin And Miss Universe: Beauty and Crypto
Bitcoin took center stage during the preliminary night of the Miss Universe event, combining cryptocurrency technology on stage with some of the world’s most beautiful women.
El Salvador’s Miss Universe candidate represented her country’s village for widespread crypto adoption as other delegates presented their own cultural symbols created by famous fashion designers.
Composite shows Puerto Rico's Ashley Cariño, Guetamala's Ivana Batchelor, and El Salvador's Alejandra Guajardo during the national costume competition of Miss Universe 2022 (Screengrab from Miss Universe/Facebook).
Meanwhile, the price of Bitcoin reached a record high of $68,790 on November 11, 2021. At the time of writing, Bitcoin is trading at $18,835, up 12% in the last seven days, data from Coingecko shows.
By 2022, the market capitalization of cryptocurrencies will exceed $1 trillion. Compared to the previous year, the market value increased by 67.35%.
El Salvador approved a law on Wednesday that regulates the issuance of digital assets by government and commercial companies.
The country’s president, Nayib Bukele, and the ruling party have proposed proposals to encourage domestic and foreign investment.
These actions seek to provide individuals, organizations, and governments with additional funding options.
The bill also sets the legislative framework for “Volcano Bonds,” or Bitcoin-backed bonds. The nation aims to use the bonds to pay off debt and finance the creation of “Bitcoin City.”
BTC total market cap at $362 billion on the daily chart | Chart: TradingView.com
Meanwhile, El Salvadorans are not very interested in Bitcoin. According to a study of 1,269 individuals conducted by the University of Central America (UCA) José Simeon Caas in October, less than 25% of respondents used cryptocurrencies in the previous year.
Only 17% saw the launch of Bitcoin as a success, while 66% saw it as a failure. And 77% want Bukele to stop buying Bitcoin with public funds.
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