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You Won’t Believe the Jaw-Dropping Amount El Salvador’s Lost (Again) in Their Bitcoin Bet: A Heartwarming Tribute to Government Stupidity!

A  illustration of an empty wallet with tears and sadness surrounding it, while nearby is a large pile of worthless paper money covered in cobwebs; above the scene are fluttering birds flying away from a broken chain.

El Salvador’s $31 million profit from their ill-fated decision to adopt Bitcoin as legal tender is the perfect example of how gullible governments can get taken for a ride by crypto bros and scam artists. President Nayib Bukele must have been sipping on some strong Kool-Aid when he decided that buying 1 BTC daily would be a good idea, especially at an average price of $43,877 per coin.

Source: cointelegraph

El Salvador is celebrating its Bitcoin anniversary, marking three years since the country adopted Bitcoin as legal tender. El Salvador became the world’s first country to adopt Bitcoin (BTC) as legal tender three years ago, on Sept. 7, 2021, to promote financial inclusion, facilitate more efficient remittance payments and attract financial innovation. President Nayib Bukele’s decision to adopt Bitcoin made the country a historical digital asset pioneer, according to Alex […]

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