Back in 2021, El Salvador took the first step into making Bitcoin legal tender. It defied the establishment by proving BTC can be used as an alternative to Fiat. Set ourselves forward 4 years later, and now El Salvador is regretting its decision. It made a deal with the IMF, in exchange of limiting its involvement with the world's beloved cryptocurrency. I guess all good things come to an end.
i don’t know if they regret it to be honest as they kept buying more bitcoin they just had to reverse what they did because of imf’s conditions
I wonder what could've been the culprit of Bitcoin's limited adoption within the country? Was it bad planning/execution?
many small businesses didn’t adopt bitcoin which hindered bitcoin being adopted by the masses