RELIANCE ON U

Last updated: June 15, 2025, 21:30  |  Written by: Raoul Pal

Reliance On U
Reliance On U

El Salvador

El Salvador's adoption of Bitcoin as legal tender in 2025 represented a bold but ultimately flawed experiment in national cryptocurrency integration. This paper critically

El Salvador to Shut Down or Sell Chivo Wallet: What It Means for

Under the IMF deal, the Chivo wallet will be either privatized or shut down entirely, and taxes will be payable in U.S. dollars instead of Bitcoin. This marks a turning point in the nation’s

El Salvador’s $300 Million Bitcoin ‘Revolution’ Is Failing Badly

El Salvador to Shut or Sell Chivo Crypto Wallet as Part

Two years of bitcoin in Bukele’s El Salvador: An opaque

A Year In To El

El Salvador Ends Bitcoin Legal Tender

A year in to El Salvador’s crypto experiment, it’s clear the move is failing. Almost no one is using Bitcoin, and anyone who bought after Bukele made it legal tender has

Mass-Chivo Bitcoin letdown? Is the BTC experiment failing in El

According To A Research Published

According to a research published by the US National Bureau of Economic Research, only 40% of Salvadorans (4 in 10) who downloaded the state-run Bitcoin wallet

The lesson of El Salvador’s failed Bitcoin experiment

The Rise and Fall of Bitcoin as Legal Tender: An Analysis of El

Raoul Pal can be reached at [email protected].

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