El Salvador’s Bitcoin Trial Ends 2021 on Low Note

Without a fairly sharp jump, bitcoin is going to end the year below the $51,000 level at which El Salvador bought its first 200 BTC, a somber note for the largest cryptocurrency’s turn as an official national currency.

But then, El Salvador’s President Nayib Bukele hasn’t had much luck with his experiment. The initial announcement that the country was going to make bitcoin El Salvador’s second legal tender, alongside the U.S. dollar, was met with dismay by economists, growling…


Source link

About bitcoin

Check Also

Bitcoin bulls must reclaim these 2 levels as ‘death cross’ still looms

Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its “macro breakout,” new analysis says. …

Leave a Reply

Your email address will not be published. Required fields are marked *