Those El Salvador success stories aren't exactly honest either. The country adopted Bitcoin, but it didn't do them any good. When Bitcoin was introduced 9 out of 10 people had no idea what it is, and 70% disagreed with the decision to adopt it. By the middle of 2022 only 3% of the business felt Bitcoin was valuable. The government spent 4% of the national reserve on Bitcoin, which since have halved in value. The village featured here received $100,000 worth of Bitcoin to adopt an economy based on Bitcoin, but Bitcoin failed to disrupt the country's tourist or remittance industry.
Those El Salvador success stories aren't exactly honest either. The country adopted Bitcoin, but it didn't do them any good. When Bitcoin was introduced 9 out of 10 people had no idea what it is, and 70% disagreed with the decision to adopt it. By the middle of 2022 only 3% of the business felt Bitcoin was valuable. The government spent 4% of the national reserve on Bitcoin, which since have halved in value. The village featured here received $100,000 worth of Bitcoin to adopt an economy based on Bitcoin, but Bitcoin failed to disrupt the country's tourist or remittance industry.