Experts are trying find out why Bukele promotes bitcoin. Experts are trying to figure out why Bukele is pushing bitcoin. It’s unclear how volatile cryptocurrency will work for unbanked people. Only time will tell if this new system will lead to real investment in El Salvador.
Bitcoin fell 5.71% to $35210 at 0600 GMT Saturday. It also lost $2,131.11 since its previous close.
Bitcoin, the most well-known and largest cryptocurrency in the world, has fallen 45.7% since its April 14th 2021 peak of $64,895.22
Ether, the cryptocurrency linked to the Ethereum blockchain network, fell 2.54 percent to $2,293.26 Saturday. It lost $59.84 from its previous close.