Two-thirds of Salvadoran citizens consider President Nayib Bukele’s bitcoin policy a failure and more than three-quarters have never used it, German public news outlet Deutsche Welle reported this week. Less than 17% consider it a success, according to the University Institute of Public Opinion of...
The anniversary of El Salvador’s experiment with bitcoin as a legal tender hit without much fanfare on Sept. 7, as it takes a fair bit of creativity to call it anything but a failure. Even leaving aside paper losses of about $58 million on the...
In late July, a Morgan Stanley analyst told clients that they should buy El Salvador’s badly distressed bonds, which have repeatedly been cut deep into junk territory this year over fears of a default and the bitcoin-as-legal-tender experiment. While it was hardly a stirring endorsement...
El Salvador’s finance minister, Alejandro Zelaya, said on Aug. 11 that “the Salvadoran population continues to use Bitcoin and the Chivo Wallet,” in the words of a local news outlet. Which led ElSalvador.com to suggest that his statement “could be far from reality” as a...
