El Salvador adopted Bitcoin as national currency?

Any boat builders moving to El Salvador now that they adopted Bitcoin as their national currency? There are rumors that Turkey might be the next to accept.

In Global First, El Salvador Adopts Bitcoin as Currency - The New York Times (nytimes.com)

Ancient humanity used shells and stones as money until people realized they could just go collect more money on the beach. Enter gold and diamonds, due only to their scarcity. Otherwise, they're just shiny forms of dirt. The US was removed from the gold standard in 1971 and the volume of gold being mined and extracted increases 10% every year thanks to new mining technology, so it's actually losing value as its scarcity decreases. The Fed is decreasing the value of the US dollar with all this money printing. Consumer's buying power decreases when all this new money eventually works its way into the economy, leading to dramtic inflation, as we are now experiencing. Bitcoin's volume is finite. It's more portable and divisible than gold. That's why it's nicknamed gold 2.0. Boat builders might want to keep it on their balance sheets if they believe its' value will increase as a better hedge against inflation than gold.

Mostly wrong. Cryptocurrency volumes are either finite or infinite. I believe you're referring to Ethereum, whose volume and algorithm can be changed by the owners. Bitcoin's volume is locked and the algo cannot be changed unless one entity some day owns 51% of all Bitcoin, which is nearly impossible. Layers are being added on top of the Bitcoin network to improve ease of use, but the underlying network is not changed. Ancient humanity assumed value to gold and diamonds for one reason: scarcity. But now the volume of gold is increasing 10% per year thanks to mining and extracting from sea water and sewage (remember reading gold on the side of cereal boxes?). SO the value of gold should be declining as supply increases. One of the funny things about the movie "Don't look up" is that if a meteor showered everyone on earth with tons of gold, its value would go to near zero due to its abundance, like when they used sea shells for money. Everyone could just collect more. If we're all rock stars, then no one is a rock star. Bitcoin has absolute scaricty, superior portability, divisibility, and practical applications than gold. Silver should be worth far more than gold since it has far more useful in industry and computer technology, but its volume is far less scarce than gold. So again, it comes down to Scarcity. The Fed expanded the money supply by 26% since early Covid, so dollars are worth less, not more. Inflation is merely currency devaluation. The bank didn't win in the days when people were bartering chickens, goats, and produce. But those are not easily divisible nor practical. Bitcoin is simply a worldwide distributed ledger. One could memorize one's Bitcoin codes and travel to El Salvador to buy a yacht.

The banks are rapidly devaluing your money. What actions will you take to store value?

The history of Stone money:
MICRONESIA: The famous STONE MONEY (Rai), island of Yap (Pacific Ocean) - YouTube

I'd like to buy a yacht with that money!

Anyone with $410 Trillion with a T dollars can buy enough at current value, AND, ASSUMING half the HODLers are willing to sell 10 million BTC. Know anyone with that anywhere near that much money along with 10 million sellers? Sorry. Life on Earth could cease to exist by getting get hit with a meteor, too., but...

The Bitcoin algorithm was programmed from the very beginning to half the number of new BTC being mined every 4 years. No one has changed this algorithm which halves the number of new BTC. Its right on schedule.