Maybe you had a bit of a flutter on Bitcoin, and maybe you didn't. El Salvador's President Nayib Bukele certainly did, and he used taxpayers money to do it. Now, President Bukele, and therefore El Salvador, is sitting on a huge paper loss as Bitcoin continues to tank, a loss the struggling country can ill afford.
Bukele raised a few eyebrows when he invested (i.e. gambled, in the case of Bitcoin) about $25 million of the country's shaky finances last October (and more since then), and announced that El Salvador would be the first country to accept Bitcoin as legal tender.
You may not like some of the decisions your country's Ministry of Finance or Central Bank make, but, hey, it could always be worse.
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