China Circles El Salvador’s Economy As Country Heads For Crypto Plunge
As crypto-Twitter cascaded doomsday memes about the bankruptcy of cryptocurrency exchange FTX and the steep drop in the price of bitcoin, one account remained particularly quiet on the subject. Unlike previous crashes, El Salvador’s President Nayib Bukele, who made bitcoin legal tender a year ago, did not urge his followers to “buy the dip.” The …
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