The Conversation: One year on, El Salvador’s Bitcoin experiment has proven a spectacular failure

The Conversation: One year on, El Salvador’s Bitcoin experiment has proven a spectacular failure. “When [Nayib] Bukele announced his plans in July 2021, Bitcoin’s value was about US$35,000. By the time the legislation came into effect, on September 7 2021, it was about US$45,000. Two months later, it peaked at US$64,400. Now it is trading at around US$20,000.”

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