How El Salvador’s Bitcoin gamble impacted inflation

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 […] The post How El Salvador’s Bitcoin gamble impacted inflation appeared first on CryptoSlate.