El Salvador Becomes Rich Overnight, President Becomes National Hero
In 2021, El Salvador made Bitcoin its national currency and accumulated a large amount of Bitcoin. Today, Bitcoin has surpassed the $100,000 mark, and El Salvador has made a fortune.
However, it wasn't as simple as it seems. When El Salvador announced this decision, it caused quite a stir in the global economic circle, and the International Monetary Fund repeatedly warned that Bitcoin's volatility is like a roller coaster. Although Bitcoin has soared this time and wealth on paper has greatly increased, it has also experienced significant drops in the past, with the price of Bitcoin halving at one point in 2022.
El Salvador's 'gamble' has impacted its economy significantly. In terms of people's livelihood, prices have fluctuated with the currency value, and the lives of ordinary citizens have also been tumultuous. Whether they can maintain their wealth in the future remains uncertain. #BTC新高10W