Last Updated on October 8, 2023 by Paganoto
El Salvador bitcoin experiment not saving country's finances
El Salvador bitcoin experiment not saving country's finances
El Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like President Nayib Bukele hoped it would.
What the crypto collapse means for El Salvador's economy
What the crypto collapse means for El Salvador's economy
In 2021, El Salvador became the first country to adopt Bitcoin as currency. NPR’s Adrian Florido asks business professor Julio Sevilla how …
El Salvador's Bitcoin Bet Isn't Paying Off – The New York Times
El Salvador's Bitcoin Bet Isn't Paying Off – The New York Times
A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off. It brought El Salvador’s president, Nayib Bukele, the adulation …
In Global First, El Salvador Adopts Bitcoin as Currency
In Global First, El Salvador Adopts Bitcoin as Currency
MEXICO CITY — El Salvador on Tuesday became the first country to adopt Bitcoin as legal tender, allowing the cryptocurrency to be used in …
Bitcoin: Will El Salvador's big crypto gamble pay off? – BBC
Bitcoin: Will El Salvador's big crypto gamble pay off? – BBC
The country’s 2,300 bitcoins are now worth half what the government paid for them, but the finance minister has brushed off criticism, saying …
Six months in, El Salvador's bitcoin gamble is crumbling
Six months in, El Salvador's bitcoin gamble is crumbling
The law made El Salvador the first country to accept Bitcoin as legal tender and required businesses to accept it as payment.
Analysis: Crypto crash leaves El Salvador with no easy exit …
Analysis: Crypto crash leaves El Salvador with no easy exit …
Under populist President Nayib Bukele, a vocal cheerleader for the currency, El Salvador went all-in on bitcoin, not just becoming the …
El Salvador's Big Bitcoin Gamble Backfires to Deepen Debt …
El Salvador's Big Bitcoin Gamble Backfires to Deepen Debt …
The losses now represent more than half of what President Nayib Bukele’s government spent to buy the 2,301 Bitcoin disclosed through …
El Salvador Adopted Bitcoin As A National Currency. Here's …
El Salvador Adopted Bitcoin As A National Currency. Here's …
Why has El Salvador officially adopted bitcoin as its currency?
Why has El Salvador officially adopted bitcoin as its currency?
Every Salvadoran has been gifted $30 in bitcoin (the US dollar is the nation’s other official currency) and can now shop or pay their taxes …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.