Despite the latest Bitcoin crash, Nayib Bukele, the president of El Salvador, tweeted that 1.6 million Salvadorians are already using the Chivo Wallet. This figure constitutes a quarter of the country’s population. Within three days, Chivo adoption soared by 31%. He further added that the uptake in Bitcoin, in less than a month of going live, is greater than that of 40 years of legacy banking.