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El Salvador’s future now depends on bitcoin

A person holding a banner that reads “We are facing a generation of cowards” takes part in a demonstration against the circulation of bitcoin in San Salvador, on September 7, 2021.
A person holding a banner that reads “We are facing a generation of cowards” takes part in a demonstration against the circulation of bitcoin in San Salvador, on September 7, 2021. Photo: Marvin Recinos/AFP (Getty Images)

No one knows how well El Salvador’s experiment will work out in one week’s time, let alone a year or a decade. But one thing’s for certain: Everyone interested in the future of money will be following this story very closely as President Bukele ties his nation’s financial future to a “currency” many experts consider to be worthless.