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El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment (ticotimes.net)

submitted 2 weeks ago by ooli2@lemm.ee to c/worldnews@lemmy.ml

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[-] queermunist@lemmy.ml 7 points 2 weeks ago

El Salvador apparently invested about $270 million in bitcoin since 2021 and that investment is worth about half a million bucks now. Oh my god, ha, what idiots!

... Okay just to clarify, you're saying they invested $270,000,000 and now it's worth about $500,000?

Is there a typo in your comment or something?

[-] blandfordforever@lemm.ee 5 points 2 weeks ago

Yes, there was. Thank you.

this post was submitted on 04 Feb 2025

521 points (98.0% liked)

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