Well, that didn’t happen. Instead, Bukele’s ambitious bet ran head-on into the great crypto crash of 2022.
Bitcoin, a high-stakes gamble for Bukele, seems to have failed. Approximately 70 percent of Salvadorans don’t have a bank account and work in the informal economy. Meanwhile, remittances represent an outsized role in the country’s economy: At roughly $6 billion in 2021, they were









