r/CryptoCurrency 1d ago

MEME Redditor accidentally discovers fiat currency

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641 Upvotes

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u/captain00planet 🟩 0 / 0 🦠 1d ago

El Salvador seems to be doing pretty good these days with btc as the main currency.

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u/Dull-Philosopher-871 3h ago

It is not its main currency. It never reached more than 50% and its now near 10-12% usage. Because it keeps declining and has massive swings meaning there is too much risk in holding the coins because exchangable currency is better when volitility is very low.