May as well be entitled their attempt at insanity. Although that statement is not fair to El Salvandorians - many of whom were forced to watch their government collaborate with foreign entities to rob their country blind.
Bitcion is not a stable store of value, therefore it is useless as a currency. Something that can move 10-20% daily cannot be used in commerce, especially for goods on and services sold on at razor tight margins. And let's not even get into the amount of borrowed money that went into propping up Bitcoin, whose unwinding we've witnessed [and it's not over yet].
Bitcion is not a stable store of value, therefore it is useless as a currency. Something that can move 10-20% daily cannot be used in commerce, especially for goods on and services sold on at razor tight margins. And let's not even get into the amount of borrowed money that went into propping up Bitcoin, whose unwinding we've witnessed [and it's not over yet].