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El Salvador Bitcoin
Before You Invest in Crypto, Watch This Film
Mother Jones·24d ago·neutral
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Sam Bankman-Fried and Ben McKenzie Neil Brandvold/Easy Money Productions, Inc. A version of the below article first appeared in David Corns newsletter, Our Land. The newsletter comes out twice a wee… [+17948 chars]
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Published
May 20, 2026, 11:00 AM
Author
David Corn
Source
Mother Jones
Frequently asked · El Salvador Bitcoin
Is Bitcoin still legal tender in El Salvador?
While El Salvador made Bitcoin legal tender in 2021, reports indicate the country repealed its mandate requiring businesses to accept it in early 2025.
Did the average Salvadoran adopt Bitcoin for daily use?
No, studies show that most citizens who downloaded the government's Chivo wallet stopped using it after receiving their initial $30 bonus, and only a small fraction of the population uses Bitcoin for regular payments.
What is the status of the government's Bitcoin investment?
As of late 2024, the government's reported Bitcoin investment has reached over $600 million in value, though these remain unrealized gains until the assets are sold.