El Salvador

El Salvador

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In September of 2021, the country of El Salvador made Bitcoin legal tender. Shortly after, the price of Bitcoin dropped about 20%. In this episode, I talk to a trading buddy who lives in El Salvador to discuss what it looks like to have Bitcoin as legal tender as well as his perc ...  Show more

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Today El Salvador was the first country to adopt Bitcoin as a recognized currency.

But this takes us back to the fundamental question of what is money? Why would a country adopt a currency that is as volatile as bitcoin? It’s not an effective store of value, and its use ...

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El Salvador’s bet on bitcoin
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By making bitcoin a national currency, El Salvador tried to transform its economy. Rest of World’s Leo Schwartz explains why the bet hasn’t yet paid off. This episode was produced by Will Reid, edited by Matt Collette, engineered by Paul Mounsey, fact-checked by Laura Bullard, an ...  Show more