El Salvador, a Central American country, became the first country in the world to adopt Bitcoin as legal tender on September 7, 2021, and this crazy decision came from their President Bukele, the president's "special currency" actually The people of El Salvador were involved in a country-wide speculative gambling activity.
Data shows that from September 7 last year to the present, El Salvador purchased about 2,300 bitcoins at an average unit price of $46,000, with a total cost of about $105 million.
As Bitcoin recently fell below the $20,000 mark, the president's "special currency" has seen a paper loss of at least more than $50 million.
What should this "wronged" country do in the future?
Responsible editor: [Li Ji]