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# El Salvador gives up on Bitcoin
- URL: https://birchtree.me/blog/el-salvador-gives-up-on-bitcoin/
- Published: 2025-02-05T21:40:00.000Z
- Updated: 2025-02-05T21:40:00.000Z
- Author: Matt Birchler
- Tags: Links, #Import 2025-03-29 19:29

The Tico Times: [El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment](https://ticotimes.net/2025/02/02/el-salvador-abandons-bitcoin-as-legal-tender-after-failed-experiment?ref=birchtree.me)

> Bitcoin was never used by most Salvadorans, its modern city was never built, and now it will cease to be legal tender in El Salvador, the first country in the world to adopt it in 2021: a complete failed economic bet by President Nayib Bukele.

Aw, what a shame.