Birdwatch Note Rating
2022-07-03 13:18:56 UTC - HELPFUL
Rated by Participant: 17E746A1FC5185292CC1AAB4350F7A3EFFE915E2A3144A395A8EEE968E57FCBA
Participant Details
Original Note:
President Bukele stated this same claim in June 2021, before El Salvador's Bitcoin value was cut in half in recent months. https://mashable.com/article/el-salvador-bitcoin-investment-down-big https://qz.com/2117653/el-salvador-is-betting-its-economy-on-bitcoin/ This devaluation has caused the country's credit rating to be downgraded. https://www.cnbc.com/2022/06/25/el-salvador-bitcoin-experiment-not-saving-countrys-finances.html https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-aes-el-salvador-to-ccc-23-02-2022
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