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Bukele’s Bitcoin Blunder for El Salvador

Preached as a way to support an underbanked population, bitcoin will increase fees and risks for Salvadorans.

By Steve Hanke, Nicholas Hanlon
Updated Dec 12, 2022, 12:54 p.m. Published Jun 23, 2021, 2:40 p.m.
A construction worker, who is paid in bitcoin, works on a building outside the Bitcoin Beach office in El Zonte, El Salvador.
A construction worker, who is paid in bitcoin, works on a building outside the Bitcoin Beach office in El Zonte, El Salvador.