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El Salvador's Bitcoin experiment: $60M lost, $375M spent
- 2pEXgD0fZ5cF 4y agoEl Salvador's bitcoin experiment: $60 million lost, $375 million spent, little to show so far Key Points: - El Salvador has lost around $60 million on its bitcoin bet one year into a nationwide crypto experiment. - The use of bitcoin in El Salvador appears to be low amid the market volatility. - The country faces plummeting economic growth and a high deficit. --- (Quoted from the article)
- theplumber 4y agoWho thought people don't like to use a volatile "coin" to pay groceries?
- throwawayKiwi9 4y agoA lot of people who have dealt with much worse volatility in their national currency thought it was a good idea. Many national currencies have performed so much worse than this.
- Ptchd 4y agoCould have been a lot worst, even if it would have been in the stock market
- Proven 4y ago