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 1 day ago by ooli2@lemm.ee to c/worldnews@lemmy.ml

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[–] alekwithak@lemmy.world 7 points 23 hours ago (2 children)

Bitcoin has gone up by at least 40k in the last three months, surely that must have made El Salvador a few pretty pennies.

[–] astral_avocado@lemm.ee 2 points 18 hours ago* (last edited 18 hours ago)

It has but bukele's bitcoin fund is still a drop in the bucket compared to their GDP. I'm seeing they own 6,055 bitcoins, which is about 600 million dollars, to their GDP which is 34 billion.