this post was submitted on 04 Feb 2025
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El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment (ticotimes.net)
submitted 10 months ago by ooli2@lemm.ee to c/worldnews@lemmy.ml
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[–] jagged_circle@feddit.nl 7 points 10 months ago* (last edited 10 months ago)

The government, she assured, will continue buying bitcoin and having reserves in this cryptocurrency. According to the National Bitcoin Office, El Salvador has 6,050 bitcoins worth $634.8 million. “President Bukele continues buying bitcoin, we have a Bitcoin Office, we have the Bitcoin Law, bitcoin can be used in El Salvador.

They're going to have the US by the balls like Saudi Arabia when bitcoin crosses $1mm/coin