El Salvador's Bitcoin experiment appears to be a big failure a year after it started
, the smallest country in Central America, officially adopted Bitcoin as legal tender a year ago, to much fanfare.
The historic move was widely seen as the dawn of cryptocurrency geopolitics, with El Salvador potentially triggering a domino effect. The International Monetary Fund has repeatedly voiced its criticism of El Salvador's Bitcoin gamble, urging the country to scale back its crypto push. Meanwhile, laser-eyed El Salvador President Nayib Bukele, however, would keep tweeting about his Bitcoin purchases, winning the adoration of the cryptocurrency community.
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