What will the crypto crash mean for 'Bitcoin nation' El Salvador?
newscientist.com
newscientist.com
El Salvador has a tiny amount of Bitcoin in the grand scheme of things, while it still brings savings and other benefits for its people (remittances, payments, tourism, banking for unbanked, etc.)
Sure, BTC/USD rate went down, but what didn't? Even major currencies lost double digits % in relation to USD. Same did you purchasing power of your USD in the US itself, due to internal vs external USD dynamics.
I bet you won't see articles about this subject when FED inevitably has to reverse due to deflationary spiral killing the economy which will cause BTC to go up like a rocket, without all that shitcoin ponzi baggage that is going in flames.
Nayib Bukele has almost 90% approval rate (40%). Compare with current POTUS. These articles trying to portrait what he is doing as a failure are really laughable hit pieces. https://en.wikipedia.org/wiki/Opinion_polling_on_the_Nayib_B...
I'm not all that informed about El Salvador politics, but from what I understand , after years (decades?) of corrupted leadership El Salvador finally has a modern, smart and honest president surrounded by decent people that just cares is there not to make himself rich, but to actually make life of the citizens better. Very rare and powerful thing. Obviously that doesn't mean everything is going to be perfect and there will be no mistakes. But so far so good.