El Salvador’s Bitcoin Gamble, One Year Later
Bloomberg Crypto13 Syys 2022

El Salvador’s Bitcoin Gamble, One Year Later

It’s been one year since El Salvador adopted Bitcoin as legal tender. In September 2021, the Central American nation forged its own path as the first in the world to make the crypto currency an official part of their economy. According to tweets and statements from President Nayib Bukele the government has bought more than 2,000 BTC so far.

So what’s the problem? Well, many of those purchases were at or near market highs. Price declines mean that, at least on paper, El Salvador has lost more than half the value of those purchases so far. And surveys of both consumers and businesses show most people in the country just aren’t using Bitcoin. Nonetheless, President Nayib Bukele and government officials are adamant that the nation’s strategy has expanded financial services to a larger segment of the population and encouraged tourism.

What’s the real story of Bitcoin in El Salvador? Bloomberg reporter Mike McDonald joins this episode for more.

See omnystudio.com/listener for privacy information.

Jaksot(223)

Can DeFi Survive the Hacks?

Can DeFi Survive the Hacks?

In March of 2022, hackers stole about $600 million from a crypto network. It was one of the biggest exploits of this asset class to date, and left many investors shaken. Can a decentralized financial ...

9 Kesä 202219min

Celebrities and NFTs

Celebrities and NFTs

Did you know that both Madonna and Justin Bieber own expensive digital images of apes? It’s true: Bored Apes and other nonfungible tokens are a must-have celebrity accessory these days. But should you...

8 Kesä 202219min

Crypto in your 401(k)

Crypto in your 401(k)

Fidelity, one of the largest investment managers in the world, made headlines when it announced its intention to offer clients the ability to invest in crypto through their 401(k) retirement accounts....

7 Kesä 202210min

Defining Our Terms

Defining Our Terms

You might already consider crypto to be synonymous with the word volatility. But what about all the other words that get thrown around by enthusiasts? What’s staking all about? How are bridges created...

6 Kesä 202220min

Regulating The Regulators

Regulating The Regulators

Cryptocurrencies are increasingly popular as investments - everyone from retail traders on Reddit to big institutional shops like Fidelity seems to have a crypto strategy. But what happens when the pe...

3 Kesä 202216min

Hello, And Not So-Stable Stablecoins

Hello, And Not So-Stable Stablecoins

Welcome to Bloomberg Crypto: a new daily podcast from Bloomberg and iHeart Radio. In today’s inaugural episode, host stacy-marie ishmael introduces herself, shares what you can expect from this new da...

2 Kesä 202216min

Introducing: Bloomberg Crypto

Introducing: Bloomberg Crypto

The crypto universe is expanding fast, and with that expansion comes both excitement and uncertainty. Stacy-Marie Ishmael is the managing editor for Crypto at Bloomberg News and your host for Bloomber...

9 Touko 20221min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
ootsa-kuullut-tasta-2
tervo-halme
politiikan-puskaradio
rss-podme-livebox
et-sa-noin-voi-sanoo-esittaa
viisupodi
otetaan-yhdet
rss-asiastudio
rss-mina-ukkola
rikosmyytit
the-ulkopolitist
rss-vaalirankkurit-podcast
io-techin-tekniikkapodcast
linda-maria
rss-kiina-ilmiot
rss-kaikki-uusiksi
rss-hyvaa-huomenta-bryssel
rss-kuka-mina-olen