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El Salvador's Big Bitcoin Gamble
Joe Tidy reports on President Nayib Bukele's Bitcoin plans in El Salvador, with investment of more than $300 million of public money and plans to build a "Bitcoin City".
The Central American country of El Salvador became the first country to make Bitcoin legal tender in September 2021. President Nayib Bukele has invested more than $300 million of public money and is convinced it will benefit the country despite the recent cryptocrash, and growing evidence that people in El Salvador are not embracing the currency. Ä¢¹½¶ÌÊÓÆµ Cyber Reporter, Joe Tidy has journeyed from Bitcoin Beach where it all started, to a volcano on which the president hopes to build a 'Bitcoin City' to find out whether Bukele's big Bitcoin gamble is paying off.
Last on
Thu 4 Aug 2022
23:30GMT
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