Recently, the most interesting news about Bitcoin comes from El Salvador, the only country in the world to officially designate Bitcoin as legal tender. However, after becoming legal tender, the usage of Bitcoin in El Salvador has sharply decreased by 99%. Furthermore, to secure $3.5 billion in financing from the International Monetary Fund, El Salvador reached an agreement with the IMF to abandon Bitcoin, revoke its status as legal tender, and delete their Chivo Bitcoin wallet.
2024.12.22 Shiyi Canghai Guantianxia
Angola 🇦🇴 Time 03:22
China 🇨🇳 Time 10:22
Charlie Munger's evaluation of Bitcoin is quite interesting; he refers to it as 'rat poison', completely useless, yielding no value or cash flow, and lacking any intrinsic value. More critically, he believes that Bitcoin is a form of 'gambling' because it solely relies on speculation and price fluctuations to draw people in. He is concerned that such speculative behavior could lead to financial bubbles and social issues.
Bitcoin is a purely high-risk speculative asset
