Classify the “bitcoinization” of El Salvador as a success or failure is somewhat difficult to analyze because it has several objectives: The desired and not achieved gains for public finances, financial inclusion and most importantly for State propaganda, the reputation of Najib Watch itthe brand new president who will repeat his term, despite it being an unconstitutional action.
There is a website in which it is estimated that El Salvador has lost 37% of the value of its investments in Bitcointhat is, 45 million dollars, thanks to the drop in the price of the digital asset since 2021.
It is estimated that currently, The Savior It has about 76.5 million dollars in Bitcoinalthough no information is specified about who manages it and much less about its owners.
One of the great benefits of cryptocurrencies should have been the speed with which remittances can be sent from abroad, however, only 1.3% of these were transferred through the use of digital wallets with cryptocurrencies.
Currently, the use of bitcoin in The Savior It does not fulfill any objective, other than being an instrument of propaganda.