STORY: Atop one of El Salvador's coffee-growing mountain ranges, beans and bitcoin are being traded.Crypto enthusiasts in Berlin, in the eastern part of the Central American country, are enjoying the profits of the currency's surge to record levels, currently around $115,000.Local market vendor Marta Navarro is one of the lucky ones:"I left the money there and let it work. I left it there, and then I would suddenly look at it; sometimes it would go up, sometimes it would go down. Suddenly, I saw I had earned quite a bit. So it's very nice, because when you have enough money, you see the profit when it goes up."In September 2021, El Salvador became the first country in the world to make Bitcoin legal tender, alongside the U.S. dollar.However, in January, President Nayib Bukele's government modified the law as part of an agreement with the International Monetary Fund to obtain $1.4 billion in financing.That made Bitcoin acceptance voluntary for private parties and limited public sector participation in cryptocurrency.Berlin is one place embracing the whole idea, however.More than two years ago, the small community of around 20,000 people created a cryptocurrency learning center to provide technical support to owners of about 200 businesses and entrepreneurs.They say they have educated over 500 students about Bitcoin as an alternative to the financial system, and claim foreign tourists and locals now regularly transact in the digital currency.Gaelle Wizenberg, a French hostel owner in Berlin, says she has experienced a shift in attitude:"I think whoever lives in Berlin now lives in U.S. dollars and the Bitcoin standard. But I think more and more, people are on the Bitcoin standard."But Quentin Ehrenmann, a French citizen working with the non-governmental organization My First Bitcoin, is worried about the change in the law:"Since the government entered into this contract with the IMF, Bitcoin is no longer legal tender and we haven't seen any other effort to educate people. The government, apparently, continues to accumulate Bitcoin, which is beneficial for the government. It's not directly good for the people."The government says it has continued increasing its reserves to reach a total of 6,246 bitcoins, worth over $700 million.And the IMF said Thursday that El Salvador's crypto holdings remain consistent with commitments the country made earlier this year.But Berlin's eager adoption of bitcoin could remain an outlier.A 2024 survey by the Jesuit Central American University showed that 80% of Salvadorans believed cryptocurrency provided little to no help to their family's wealth.
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