Why El Salvador’s Bitcoin Experiment May End in Disaster

To understand bitcoin’s risk as a currency, let’s look at how it compares against 22 other global currencies

Stephen Foerster

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Currency photo by John McArthur on Unsplash; bitcoin photo by Executium on Unsplash

The small Central American country of El Salvador (population 6.5 million) recently became the first country to make bitcoin legal tender. The country now holds 550 bitcoins, currently…

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Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)