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According to Steve Hanke, Bitcoin Is A Nightmare For The El Salvador Economy! So why?

Zachary Pearce by Zachary Pearce
October 11, 2021
in Cryptocurrency
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According to Steve Hanke, Bitcoin Is A Nightmare For The El Salvador Economy!  So why?
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Economist Steve Hanke continues to criticize Bitcoin. The famous name said that this time El Salvador had a hard time trying to integrate BTC into its economy.

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Steve Hanke, who has earned the hatred of the crypto community with his criticism of Bitcoin, believes that the adoption of Bitcoin is too difficult for the economy of El Salvador.

The adoption of #Bitcoin as legal tender has been a nightmare for El Salvador’s economy. Citizens regularly face technological difficulties and financial losses. El Salvador’s creditworthiness has also taken a hit – the country’s bonds have been in distress for over a month. pic.twitter.com/Cbf5UrwXzW

– Steve Hanke (@steve_hanke) October 11, 2021

According to Hanke, users face technological problems and lose money every day. As for the losses in the economy, the expert says that the country’s creditworthiness is also damaged:

“The legal adoption of Bitcoin has been a nightmare for the economy of El Salvador. Citizens regularly face technological challenges and financial losses. El Salvador’s creditworthiness has also taken a hit. The country’s bonds have been in distress for over a month.”


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: BitcoineconomyHankeNightmareSalvadorSteve
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