Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
Yeah most commenters here just read the headline I think.
The govt just wanted the loan so they did the thing.
They’re still big into bitcoin. Seems like their holdings have gone well (only because Trump won), but their other projects haven’t been successful by any metric.
People haven’t taken up crypto as a currency, it’s just the pres using federal resources to invest in crypto. He’s been lucky so far.
Bitcoin seems like the best crypto for storage of reserve funds like gold. If it was to be used day to day something smaller and quicker would be better suited like zcash?
Yeah most commenters here just read the headline I think.
The govt just wanted the loan so they did the thing.
They’re still big into bitcoin. Seems like their holdings have gone well (only because Trump won), but their other projects haven’t been successful by any metric.
People haven’t taken up crypto as a currency, it’s just the pres using federal resources to invest in crypto. He’s been lucky so far.
Bitcoin seems like the best crypto for storage of reserve funds like gold. If it was to be used day to day something smaller and quicker would be better suited like zcash?
Sorry you’re barking up the wrong tree there mate. Crypto is a detriment to humanity.