Can bitcoin be a national currency?
El Salvador is trying to find out. When President Nayib Bukele, dubbed the "CEO of El Salvador" made bitcoin legal tender in September 2021, he hoped that would they would be leading the way to the future. Along with the aim of cashing in on the crypto craze and tapping into new markets, reporters Kejal Vyas and Santiago Pérez examine the impacts bitcoin may have on the tiny Central American country. There are hopes that it could help tackle widespread poverty and violence, but investors are concerned about supporting Bukele's regime.
From The Wall Street Journal