Posted 3/27/2024, 7:59:19 PM
El Salvador's President Doubles Down on Bitcoin Bet, Buying $400 Million Despite Criticism and Slow Adoption
- El Salvador's president has continued to buy bitcoin for the country, now holding nearly $400 million worth
- The president revealed the country's bitcoin wallet address, showing over 5,695 BTC held
- El Salvador originally announced bitcoin as legal tender in 2021, criticized by IMF and U.S.
- Despite the bitcoin law, most Salvadorans don't use bitcoin much for payments
- The president remains very popular despite human rights concerns over his tough anti-gang crackdown
