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El Salvador nears default

See also: Nayib Bukele’s Broken Bitcoin PromiseEl Salvador’s Embrace of Bitcoin Didn’t Bring Prosperity — It Rode in With Waves of Repression

CAR adopted BTC as legal tender

Ladies & Gentlemen, the Central African Republic President!

Bitcoin adopted as legal tender by African country — the second to do so after El Salvador

CNBC

What could go wrong?

  • Internet coverage in the CAR is 11%
  • The CAR is rich in diamonds, gold and other valuable minerals
  • Ranks as one of the world’s poorest and least-developed countries
  • Russia (Wagner etc.) well established in the CAR