One year on, El Salvador’s Bitcoin experiment has proven a failure
It's not a failure because Bitcoin tanked (relatively), it's a failure because Bitcoin tanking was and will always be a significant risk. People who got rich from Bitcoin weren't savvy, they won the lottery. It's not a sound investment decision based on outcome. Investments are sound based on probability and risk beforehand.<p>El Salvador gambled which is stupid. Whether they won or lost at the lottery is inconsequential to its stupidity.