Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin was the currency of a country
by
CryptoBuds
on 11/06/2025, 02:22:26 UTC
I think the same thing happened in El Salvador, some people still use fiat even though bitcoin has been legalized as a legal tender.

As far as I know, up to 70% of El Salvadorans do not like to use bitcoin as currency, they still prefer to use traditional payment methods like USD in daily transactions. The reasons are believed to be due to the volatile price of bitcoin, the habit of using cash and poor technical infrastructure in El Salvador...According to many reports, the adoption rate of bitcoin as a currency there is very low, and Nayib Bukele admitted to TIME magazine in 2024 that “Bitcoin is not as widely adopted as we expected. That is why many say that bitcoin adoption in El Salvador has failed, while some still try to defend it as it is still the official currency there and has not been eliminated.