Tuesday, May 27, 2025

Rise and Fall of El Zonte

Bitcoin Beach: How a small seaside town became cryptocurrency ground zero
https://www.telegraph.co.uk/us/news/2025/05/27/bitcoin-beach-el-salvador-el-zonte/
El Zonte was transformed after Nayib Bukele made currency legal tender — but now the bubble has burst. 

Nayib Bukele is devolving from tech-savvy reformer to autocrat
https://www.economist.com/briefing/2025/05/29/nayib-bukele-is-devolving-from-tech-savvy-reformer-to-autocrat
El Salvador’s president is young, MAGA-friendly and ruthless.


Related:
When bitcoin is the business model, investors should beware
https://www.ft.com/content/b4bf613b-bbb9-4cac-b40f-adeacdf2d99f