El Salvador's credit plummeted again and Bitcoin may be partly to blame

El Salvador’s credit plummeted again and Bitcoin may be partly to blame

Nayib Bukele, President of Bitcoin in El Salvador. Photo: Marvin Recinos (Getty Images) Shocker folks, it turns out El Salvador’s decision to make bitcoin legal tender wasn’t such a good idea after all. This week, the credit agency Fitch downgraded El Salvador’s debt rating from CCC to CC about 14 months after the company’s tech …

El Salvador’s credit plummeted again and Bitcoin may be partly to blame Read More »