1 Year of Bitcoin in El Salvador: The Bad, the Good and the Ugly

1 Year of Bitcoin in El Salvador: The Bad, the Good and the Ugly


Some of these problems are to be expected given the sweeping and radical nature of the program. “Any sovereign nation that disrupts at a level as foundational as its monetary system will not do so without encountering unforeseen complications, initial gridlocks and the need for an adjustment period,” says Ian Gaines, communications director of the Bitcoin Policy Institute, which advocates for BTC adoption. Expecting such a program to reach its full potential in one year, he says, “is optimistic, to say the least.”

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