The Foreign DeskEl Salvador bets on Bitcoin; what could go wrong?
Wearing a backwards baseball cap, El Salvador’s president Nayib Bukele unveiled plans to build “Bitcoin City” at the base of a volcano and adopt cryptocurrency as legal tender. While supporters have hailed the president’s ambitions, not all Salvadorans “Feel the Bit”. Is Bukele’s big idea as mad as it sounds? Andrew Mueller speaks to Carmen Valeria Escobar, Danielle Mackey and professor Cathy Mulligan.
