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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[–] jagged_circle@feddit.nl 7 points 2 days ago* (last edited 2 days ago)

The government, she assured, will continue buying bitcoin and having reserves in this cryptocurrency. According to the National Bitcoin Office, El Salvador has 6,050 bitcoins worth $634.8 million. “President Bukele continues buying bitcoin, we have a Bitcoin Office, we have the Bitcoin Law, bitcoin can be used in El Salvador.

They're going to have the US by the balls like Saudi Arabia when bitcoin crosses $1mm/coin