{"id":7881,"date":"2022-11-15T11:37:19","date_gmt":"2022-11-15T10:37:19","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/11\/15\/china-circles-el-salvadors-economy-as-country-edges-toward-crypto-plunge\/"},"modified":"2022-11-15T11:37:19","modified_gmt":"2022-11-15T10:37:19","slug":"china-circles-el-salvadors-economy-as-country-edges-toward-crypto-plunge","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/15\/china-circles-el-salvadors-economy-as-country-edges-toward-crypto-plunge\/","title":{"rendered":"China circles El Salvador\u2019s economy as country edges toward crypto plunge"},"content":{"rendered":"<p>President Nayib Bukele bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot<\/p>\n<p>As crypto-Twitter cascaded with apocalyptic memes about the <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/11\/cryptocurrency-exchange-ftx-files-for-bankruptcy-protection-in-us\">bankruptcy of cryptocurrency exchange FTX<\/a> and the sharp drop in the bitcoin price, one account has remained notably silent on the topic.<\/p>\n<p>Unlike in previous crashes, the president of El Savlador, Nayib Bukele, <a href=\"https:\/\/www.theguardian.com\/world\/2021\/sep\/07\/el-salvador-bitcoin-experiment-nayib-bukele\">who made bitcoin legal tender a year ago,<\/a> did not exhort his followers to \u201cbuy the dip\u201d. The <a href=\"https:\/\/knowyourmeme.com\/memes\/laser-eyes-bitcoin-trend-laserrayuntil100k\">laser eyes<\/a>, popular among crypto currency traders, have long since been removed from his Twitter profile.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/15\/china-el-salvador-economy-cryptocurrency-fall\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/39cfdd5b2e7865608a3e8d3c68ed73c82a4704a8\/0_142_5760_3456\/master\/5760.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=401f7abf4d4c7cc09534b46c570b9bf7\" title=\"China circles El Salvador\u2019s economy as country edges toward crypto plunge\" \/>President Nayib Bukele bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot<br \/>\nAs crypto-Twitter cascaded with apocalyptic memes about the bankruptcy of cryptocurrency exchange FTX and the sharp drop in the bitcoin price, one account has remained notably silent on the topic.<br \/>\nUnlike in previous crashes, the president of El Savlador, Nayib Bukele, who made bitcoin legal tender a year ago, did not exhort his followers to \u201cbuy the dip\u201d. The laser eyes, popular among crypto currency traders, have long since been removed from his Twitter profile. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Nayib Bukele bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot As crypto-Twitter cascaded with apocalyptic memes about the bankruptcy of cryptocurrency exchange FTX and the sharp drop in the bitcoin price, one account has remained notably silent on the topic. Unlike in previous crashes, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/11\/15\/china-circles-el-salvadors-economy-as-country-edges-toward-crypto-plunge\/\"> <span class=\"screen-reader-text\">China circles El Salvador\u2019s economy as country edges toward crypto plunge<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7881"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7881"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7882"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7881"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}