this post was submitted on 04 Feb 2025
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El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment (ticotimes.net)
submitted 2 days ago by ooli2@lemm.ee to c/worldnews@lemmy.ml
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[–] Alk@sh.itjust.works 29 points 2 days ago (1 children)

"This is good for bitcoin."

[–] horse_battery_staple@lemmy.world 5 points 2 days ago* (last edited 2 days ago) (1 children)

Honestly with the Trump government right now and the pending trade war, this might be good for Bitcoin. It's supposed to be a store or wealth that you use to buy other cryptos like monero to spend.

This is not good for the environment because crypto mining is second only to AI model training in useless expendenture of natural resources and pollution.

But ironically, and I say this with no joy. This could be good for Bitcoin and that's bad for us all.

[–] 31337@sh.itjust.works 3 points 2 days ago

Bitcoin price movement seems to follow the US stock market, so I wouldn't bet on it.