El Salvador bitcoin experiment not saving country’s finances

A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022.Alex Pena | Anadolu Agency | Getty ImagesEl Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like President Nayib Bukele hoped it would.The government’s crypto coffers have been cut in half, bitcoin adoption nationwide isn’t really taking off, and crucially, the country needs a lot of cash, fast, to meet its debt payments of more than $1 billion in the next year. This comes as…
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