Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as legal tender: A failed experiment?
by
Jazzterbit
on 05/07/2025, 07:22:52 UTC
The fact that El Salvador gains less benefits than losses from being too friendly with Bitcoin cannot be denied. There is even a survey that says more than 90% of El Salvadorans do not even transact using Bitcoin. The country benefits from tourism sector due to Bitcoin's legal tender policy, but in overall, the price for legal tender policy is not worth it. We haven't talked about the sanctions imposed by IMF.

From all of that, we cannot consider Bitcoin as legal tender as a failed experiment, adoption takes time, people needs to be educated, this is a long-term mission.