El Salvador's Big Bitcoin Gamble

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BBC World News - El Salvador's Big Bitcoin Gamble

Joe Tidy reports on President Nayib Bukele's Bitcoin gamble in El Salvador.

Joe Tidy reports on President Nayib Bukele's Bitcoin plans in El Salvador, with investment of more than $300 million of public money and plans to build a "Bitcoin City".

The Central American country of El Salvador became the first country to make Bitcoin legal tender in September 2021. President Nayib Bukele has invested more than $300 million of public money and is convinced it will benefit the country despite the recent cryptocrash, and growing evidence that people in El Salvador are not embracing the currency. BBC Cyber Reporter, Joe Tidy has journeyed from Bitcoin Beach where it all started, to a volcano on which the president hopes to build a 'Bitcoin City' to find out whether Bukele's big Bitcoin gamble is paying off.

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