The U.S. State Department acknowledges that Bitcoin has a positive impact on El Salvador's tourism industry, but its economic impact is "minimal."

ChainCatcher news, according to Bitcoin.com, the U.S. State Department has acknowledged that El Salvador's adoption of Bitcoin has had a positive impact on the country's booming tourism industry. In its 2024 Investment Climate Statement report on El Salvador, the department recognized that the adoption of Bitcoin as legal tender in 2021 helped the country gain international attention.

As part of the report, the department stated that Bitcoin has brought significant publicity to El Salvador and contributed to its popularity as a tourist destination, but beyond that, its "impact on El Salvador's economy is minimal."