Checking in on El Salvador

How is Bitcoin getting on in the wild?

Dateline: Woking, 27th March 2024.

With the SEC approving Bitcoin ETFs, crypto-twitter has been an excitable place so perhaps now is a good time to check back in on Bitcoin and the real world where in 2021, El Salvador passed a law to make Bitcoin compulsory tender. As of the end of last year, approximately 109k El Salvadorans owned Bitcoin in a population of 6.4 million (less than 2%) and the country is ranked 55th on the global crypto adoption index. It seems that cryptocurrency adoption in the real world may be a struggle.