Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
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.
Bitcoin has gone up by at least 40k in the last three months, surely that must have made El Salvador a few pretty pennies.
*pesos
Their national currency is USD.
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.