Tuesday November 22, 2022 – It is Crypto-Tuesday – Today we revisit El Salvador. It was just about a year ago, September 2021, that the El Salvador government adopted bitcoin as legal tender along with U.S. dollars.
This experiment has not turned out as anticipated. In September 2021 Bitcoin was trading at around $45,000.00. Two months later, BitCoin was trading above $69,000.00.
Today, Bitcoin is trading at around $16,000.00.
Rather than back off, Nayib Bukele, the President of El Salvador, announced that El Salvador will continue to buy – at 1 Bitcoin per day.
Attorney Steven A. Leahy looks back – and ahead – on the El Salvador BitCoin experiment.
https://news.bitcoin.com/el-salvador-to-buy-bitcoin-every-day-starting-tomorrow-president-says/
https://bitcoinmagazine.com/el-salvador-bitcoin-news/revisiting-el-salvador-bitcoin-year-later
Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649
