El Salvador's Bitcoin Bet

Written by Barry Investment Advisors | Aug 12, 2022 5:35:37 PM

In 2022, El Salvador made headlines by becoming the first nation to accept Bitcoin as legal tender. This vision included plans for a "Bitcoin City" that would mine the cryptocurrency using electricity from a nearby volcano. As we know, crypto prices have declined dramatically in recent months, and this video explains how falling prices have impacted El Salvador's strategy for becoming the first crypto-powered nation.