A total failure in El Salvador won’t doom digital currencies, but it will force a downward revision in potential market share of many crypto ideas. By Aaron Brown.
Author: Agency Staff
Bitcoin licked its wounds on Wednesday, a day after its heaviest losses in two-and-a-half months as El Salvador’s historic adoption of the crypto asset as legal tender caused chaos online and on the street.
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Bitcoin plunged as much as 17% to its lowest level in a month amid news El Salvador’s cryptocurrency roll-out was faltering.
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Bitcoin is undergoing the biggest test in its 12-year history as El Salvador becomes the first country to adopt it as legal tender on Tuesday.
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