←back to thread

El Salvador's crypto experiment ends in failure

(www.economist.com)
151 points jcartw | 1 comments | 09 Mar 25 21:58 UTC | HN request time: 0.281s | source
Show context
greyface- ◴[09 Mar 25 22:58 UTC] No.43314837[source]▶
Whether or not it's classified as legal tender going forward, Bukele has indicated that he intends to continue amassing Bitcoin as a reserve asset: https://twitter.com/nayibbukele/status/1897019629702410551
replies(1): >>43314921 #
dsr_ ◴[09 Mar 25 23:09 UTC] No.43314921[source]▶
High volatility is the thing that should be most avoided as a reserve.
replies(2): >>43315400 #>>43315765 #
1. toomim ◴[10 Mar 25 01:04 UTC] No.43315765[source]▶
Not if the "volatility" is in the upward direction.