As bitcoin drops, fear for the Salvadoran economy rises

It’s been seven months since El Salvador adopted bitcoin as legal currency. Since then, the price of bitcoin plunged, and the crypto market has lost billions of dollars. But President Nayib Bukele said his country is doubling down on bitcoin, and getting 500 more coins. Many are concerned it’s too big of a gamble for one of the poorest countries in the continent. The World’s Tibisay Zea reports. 

Help keep The World going strong!

The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.

Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.