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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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[-] alekwithak@lemmy.world 8 points 1 day ago

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 3 points 1 day ago* (last edited 1 day 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.

[-] Jackhammer_Joe@lemmy.world 1 points 1 day ago

*pesos

[-] Dogiedog64@lemmy.world 9 points 1 day ago

Their national currency is USD.

[-] Jackhammer_Joe@lemmy.world 1 points 1 day ago

Whoopsie! Didn't know that! Thanks

this post was submitted on 04 Feb 2025
464 points (100.0% liked)

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