Biccoin beach merchants are very pro bicoin partly because it's incentivie a lot of tourists to come in, which is improving their businesses. One bit coin was worth less than 36 thousand dollars. It's lost almost half its value in two months. If one day you're holding ten dollars worth of bit coin, the next day it's worth seven dollars,. mayby the next dayIt's not a very stable way of conducting your daily financial life. How much money has the government invested in this programe? I manthey, they offered up 30 dollars to anyone who wanted it. What did that end up costing? We think our best estimates would put this at hundreds of
By making bitcoin a national currency, El Salvador tried to transform its economy. Rest of World’s Leo Schwartz explains why the bet hasn’t yet paid off.
This episode was produced by Will Reid, edited by Matt Collette, engineered by Paul Mounsey, fact-checked by Laura Bullard, and hosted by Sean Rameswaram.
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