The National Costume competition is one of the most anticipated highlights of the Miss Universe competition. This portion allows candidates from each country to creatively showcase their culture and heritage.
At the Miss Universe preliminary event in New Orleans, Alejandra Guajardothe candidate from El Salvador, was seen wearing costumes representing various currencies from the country’s history, including Bitcoin.
Bitcoin in the spotlight at the Miss Universe pageant
He miss Universe The pageant is a highly anticipated global event, and the Central American nation took the opportunity to show its affinity for the original cryptocurrency.
El Salvador became the first nation to recognize bitcoin as legal tender in 2021.
Guajardo’s costume was created by Salvadoran designer Francisco Guerrero, according to the El Salvadoran news website El Salvadorgram.
Miss El Salvador in a Bitcoin costume at Miss Universe 2023 pic.twitter.com/kE5pwZ41iy
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According to the report, it is a custom piece for the Miss Universe pageant that represents the growth of El Salvador’s money from its poor beginnings to its current state.
The competition involves around 90 stunning women from all over the world. The preliminary event for the 71st Miss Universe began on January 11, 2023 in New Orleans.
El Salvador embraced Bitcoin during the golden age of cryptocurrencies, the second quarter of 2021.
Bitcoin and Miss Universe: beauty and cryptocurrencies
Bitcoin takes center stage during preliminary night at the Miss Universe event, bringing cryptocurrency technology on stage with some of the most beautiful women in the world.
The Miss Universe El Salvador candidate represented her country’s push for widespread adoption of cryptocurrency, while other delegates donned their own cultural symbols created by renowned 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 Bitcoin price hit a record high of $68,790 on November 11, 2021. At the time of writing, Bitcoin It is trading at $18,835, up 12% in the past seven days, Coingecko data shows.
In 2022, the cryptocurrency market capitalization exceeded $1 trillion. Compared to the previous year, the market valuation increased by 67.35%.
El Salvador on Wednesday approved a law regulating the issuance of digital assets by government and commercial companies.
The country’s president, Nayib Bukele, and the ruling party recommended the proposal to encourage national and foreign investment.
The law seeks to provide individuals, organizations, and the government with additional funding options.
The bill also establishes the legislative framework for “Volcano Bonds” or Bitcoin-backed bonds. The nation aims to use the bonds to pay off its debt and finance the creation of “Bitcoin City.”
BTC total market cap at $362 billion on the daily chart | Chart: TradingView.com
Meanwhile, Salvadorans are not very interested in Bitcoin. According to a study of 1,269 people conducted by the José Simeón Caas Central American University (UCA) in October, less than 25% of those surveyed used cryptocurrencies in the previous year.
Only 17% saw the launch of Bitcoin as a success, while 66% considered it a failure. And 77% want Bukele to stop buying Bitcoin with public funds.
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