Bitcoin as Legal Tender

El Salvador has become the first country in the world to adopt bitcoin as a legal tender and the move has created quite a stir globally. But if El Salvador is the only country to make bitcoin legal tender, why can people in lots of other countries use it to buy and sell stuff? So long as you find a store willing to take your bitcoin, you can use it right here in the US. So what’s this “legal tender” business all about? And why are people in El Salvador protesting it? Jay Zagorsky, a senior lecturer at Boston University’s School of Business, explains. (Segment produced by Cole Cummings)