OTC Desk Outflows Surge after El Salvador Adopts Bitcoin as Legal Tender

El Salvador made headlines this week after it became the first country in the world to declare bitcoin as legal tender. The Central American country's congress passed the bitcoin bill proposed by President Nayib Bukele on Thursday by a "supermajority''. The BTC price rose shortly after the vote, climbing 5% to $34,239.  Following the ratification of El Salvador's bill into law, volume outflows from bitcoin OTC desks, a solid indicator of institutional buy interest, have been surging. The data below…