El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment
El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment
ticotimes.net /2025/02/02/el-salvador-abandons-bitcoin-as-legal-tender-after-failed-experiment
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Bitcoin has gone up by at least 40k in the last three months, surely that must have made El Salvador a few pretty pennies.
It has but bukele's bitcoin fund is still a drop in the bucket compared to their GDP. I'm seeing they own 6,055 bitcoins, which is about 600 million dollars, to their GDP which is 34 billion.
*pesos
Their national currency is USD.
Whoopsie! Didn't know that! Thanks
91 comments