←back to thread

El Salvador abandons Bitcoin as legal tender

(ticotimes.net)
927 points smallerfish | 1 comments | 04 Feb 25 00:00 UTC | HN request time: 0.205s | source
1. Jimmc414 ◴[04 Feb 25 02:33 UTC] No.42926946[source]▶
El Salvador invested approximately $269.74 million to acquire 5,900 bitcoins ($595 million) and secure $1.4 billion in IMF loans.

I hope they can recover from this failed experiment.