New York Times: A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off.

New York Times: A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off.. “… nearly a year after the country’s president, Nayib Bukele, shocked the financial world by making its most popular digital coin a national currency, his bet appears to be backfiring, highlighting the gap between the utopian promises of cryptocurrency’s proponents and economic realities. The government’s bitcoin holdings have lost about 60 percent of their presumed value during the recent market plunge.”

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