El Salvador’s Bitcoin Default

El Salvador became the first country to accept Bitcoin as legal tender in September 2021. Fast forward to the present, discussions about El Salvador's bitcoin default are becoming commonplace.

Bitcoin was the economic salvation for El Salvador, but so far, the bet is not paying off as President Nayib Bukele had planned.

The government's cryptocurrency holdings have been reduced by half, bitcoin adoption is not really picking up across the country, and most importantly, the nation need...

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