Bukele's Bitcoin predictions have largely missed the mark so far
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Nayib Bukele is an unapologetic proponent of Bitcoin, who has made the crypto-currency legal tender in El Salvador, proposes to build a tax haven city named for Bitcoin, and has invested more than $85 million of the country's tax dollars in Bitcoin purchases. He promotes Bitcoin in English from his Twitter account, predicting a rosy crypto-future for El Salvador. Today we look at how some of Bukele's predictions are faring. Adoption of Bitcoin by Salvadorans -- not so much . Bitcoin became legal tender in El Salvador on September 6, 2021 and in December, the Salvadoran president tweeted: The "mass adoption" of Bitcoin referred to by Bukele in this tweet has not happened in El Salvador despite the president's immense popularity. Outside of crypto-tourists who arrive in search of Bitcoin Beach and someone who will sell them coffee and a pupusa paid for with Bitcoin, El Salvador remains overwhelmingly a country with a cash economy operating with US dollars. Ther