El Salvador

El Salvador

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Survey: Most Salvadorans Skeptical of Bitcoin as Legal Tender

JPMorgan is casting doubt on El Salvador adopting bitcoin as its legal tender, saying there is widespread skepticism and hesitancy in the country regarding bitcoin as a medium of exchange in a new survey. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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El Salvador’s Bitcoin Adoption Is ‘Trendsetting,’ Says Voyager Digital CEO

Voyager Digital CEO Steve Ehrlich responds to claims that El Salvador’s bitcoin adoption is not significant. “Being the first country to accept [bitcoin] as legal tender is trendsetting,” he said, adding “it will be a model for what others do.”

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Jim Rogers: El Salvador’s Bitcoin Adoption ‘Unlikely’ to Trigger Domino Effect

International investor Jim Rogers says “it’s unlikely” to the potential domino effect of El Salvador adopting bitcoin as legal tender around the world. “El Salvador has rarely, if ever, been a trendsetter that the world follows,” Rogers said.

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Markets

Le Salvador pourrait être confronté à une « limitation » de l'utilisation du Bitcoin comme moyen d'échange, selon JPMorgan

La banque souligne que la nature illiquide du bitcoin, sa volatilité et le risque de conversion en dollars américains constituent des limitations majeures à son utilisation comme monnaie légale.

JPMorgan

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Survey: El Salvadorans Wary of Bitcoin as Legal Tender

A new survey reveals that most of El Salvador's population is skeptical about bitcoin as a standard currency. "The Hash" hosts discuss the swift adoption and potential adverse side effects. "Bukele and his government did it so fast that people didn't have enough time to understand what was going on," co-host Danny Nelson. "They haven't done much to sell why this is useful."

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Markets

Une enquête suggère que la plupart des Salvadoriens se méfient du Bitcoin comme monnaie légale

Le sondage, qui a recueilli les résultats de 1 233 personnes entre le 1er et le 4 juillet, a également montré que 46 % d'entre elles ne savaient « rien » sur le Bitcoin.

Salvadoran President Nayib Bukele

Markets

Un diplomate américain espère une résolution des tensions financières entre le FMI et le Salvador (rapport)

Victoria Nuland, sous-secrétaire américaine aux affaires politiques, a rencontré mercredi le président Nayib Bukele.

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3 Key Things That Happened in Crypto This Week

CoinDesk’s Christie Harkin breaks down this past week’s stories making waves in the crypto markets, including Andreessen Horowitz (a16z) raising $2.2 billion for its third crypto venture fund, El Salvador’s Bitcoin Law in effect beginning in September, and John McAfee’s sudden death, controversial life and legacy.

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The Problem With El Salvador’s Bitcoin Law, Effective September 7

Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).

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