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  "map_content": "El Salvador\u2019s bold gamble to become the world\u2019s first Bitcoin nation has largely collapsed into economic instability and social unrest four years after its high-profile launch.\r\n\r\nIn June 2021, El Salvador made history as the first nation to adopt Bitcoin as legal tender, a move championed by President Nayib Bukele to revitalize a struggling economy. Backed by $200 million in taxpayer funds\u2014nearly three percent of the national budget\u2014the government launched a central digital wallet and promised $30 in Bitcoin to every citizen. However, the rollout was immediately plagued by technical glitches, server crashes, and a sharp 20 percent drop in Bitcoin\u2019s market price. Far from the promised prosperity, the initiative triggered massive public protests and forced the government to deploy riot police against its own citizens as inflation and national debt began to climb.\r\n\r\nBy early 2025, the results of this digital revolution remain bleak, with less than two percent of the population actually utilizing the cryptocurrency for daily transactions. While the government continues to double down on projects like the controversial Bitcoin City\u2014which has already displaced hundreds of indigenous households and destroyed vital mangrove forests\u2014the nation\u2019s broader stability has suffered. Bukele\u2019s administration recently rejected a $3.5 billion IMF loan to maintain its Bitcoin autonomy, even as the country's prison population skyrocketed by over 200 percent following a brutal crackdown on crime. Despite the clear lack of public enthusiasm and mounting economic pressure, El Salvador remains committed to a volatile crypto reserve that continues to jeopardize its financial future.\r\n\r\nMaybe they should have used bitcoin instead of BTC.\r\nHow can people like me and you see this clearly yet leaders of entire countries can't ?",
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  "timestamp": "2026-02-26T07:58:20.000Z",
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