09-05-2021, 09:14 AM
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#1729
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Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
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Quote:
Perhaps the biggest concern, however, is that it exposes a population with little financial education – for the most part, without an economic safety net – to the fate of the highly volatile cryptocurrency markets.
“The Bitcoin law essentially gambles with two public purses, that of the El Salvador government and of the IMF,” says Daniel Munevar, a Colombian economist focused on debt justice. “It’s one thing for an American to bet his stimulus cheque on cryptocurrency in the hope of big returns, but this is Yolo [you only live once] investing elevated to the national level.”
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https://www.theguardian.com/world/20...bitcoin-gamble
Lots of questions around El Salvador's rollout.
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