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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: 0.214s | source
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Jimmc414 ◴[10 Mar 25 00:40 UTC] No.43315589[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 failure.
replies(3): >>43315732 #>>43315847 #>>43315872 #
1. toomim ◴[10 Mar 25 01:14 UTC] No.43315847[source]▶
El Salvador makes $330m from a Bitcoin investment and the Financial Times calls it a "failure."