El Salvador’s adoption of Bitcoin as legal tender in Sept. 2021 coincided with notable shifts in the country’s inflation rate. Inflation stood at 4.9% when the government first purchased 200 BTC on Sept. 6, 2021. By June 2022, inflation peaked at 7.76%, then began a steady decline to 2.6% by Jan. 2024 and further to […]
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How El Salvador’s Bitcoin gamble impacted inflation