El Salvador is expected to default when Bitcoin collapses

“The Salvadoran experiment to make bitcoin fiat currency has hit a wall”, El País relationships.

“Following the decline in global markets caused by the uncertainty of the war in Ukraine, rising inflation and the US Federal Reserve’s decision to raise interest rates, the price of the world’s most popular cryptocurrency has plummeted by more than 50% da is the all time high. And with it, also the bonds of the government of El Salvador, which are exchanged at 40% of their original value, as investors begin to doubt that the country can meet the next payment of the debt “.

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