The government, she assured, will continue buying bitcoin and having reserves in this cryptocurrency. According to the National Bitcoin Office, El Salvador has 6,050 bitcoins worth $634.8 million. “President Bukele continues buying bitco

They are still keeping the mass reserves just not forcing it to be accepted as legal tender in stores. Before if someone wanted to pay in Bitcoin you had to accept it, now you don't have to.

[–] fine_sandy_bottom@discuss.tchncs.de 2 points 1 day ago (1 children)

Yeah most commenters here just read the headline I think.

The govt just wanted the loan so they did the thing.

They're still big into bitcoin. Seems like their holdings have gone well (only because Trump won), but their other projects haven't been successful by any metric.

People haven't taken up crypto as a currency, it's just the pres using federal resources to invest in crypto. He's been lucky so far.

[–] tehWrapper@lemmy.world 1 points 1 day ago (1 children)

Bitcoin seems like the best crypto for storage of reserve funds like gold. If it was to be used day to day something smaller and quicker would be better suited like zcash?

[–] fine_sandy_bottom@discuss.tchncs.de 0 points 1 day ago

Sorry you're barking up the wrong tree there mate. Crypto is a detriment to humanity.