El Salvador became the first country to adopt 비트코인 as legal tender.
The government hoped adoption would support economic development and attract international investors.
Some citizens initially welcomed the move. ACentral American University surveyshowed that 56% of respondents downloaded the government 지갑.
The survey also found that 36% used 비트코인 at least once monthly.
Meanwhile, 14% of businesses conducted 비트코인-related transactions. 비트코인 accounted for 2% of remittance payments. Since then, 비트코인 usage among businesses and citizens has declined sharply.
비트코인 usage in El Salvador has nearly disappeared, according to recent reports. 비트코인 Core contributor Jon Attack said major restaurants accepting BTC had gone more than a month without payments.
Attack은 또한 그의 지불이 8월 동안 비트코인 Beach가 받은 유일한 거래라고 말했습니다.
게다가 Bit Faced는 법정화폐 채택 이후 비트코인 사용량이 99. 8% 이상 감소했다고 보고했습니다. 이러한 하락세는 엘살바도르 사람들이 비트코인을 보는 방식의 광범위한 변화를 반영했습니다.
Reportsattributed the drop to changing sentiment.
Investors increasingly viewed 비트코인 as a long-term holding. Many Salvadorans therefore returned to card payments. Those holding 비트코인 preferred to wait for future gains rather than spend it daily.
That 장기보유 mindset reduced merchant payment activity. Government policy changes added further pressure.
IMF는 엘살바도르에 판매자에 대한 필수 비트코인 수용을 제거하도록 압력을 가했습니다. 변화는 $1의 일부를 형성했습니다. 40억 대출 계약.
원문 제목: Why is Bitcoin use down 99.8% in El Salvador? HODL, IMF & more…
El Salvador became the first country to adopt Bitcoin as legal tender.
The government hoped adoption would support economic development and attract international investors.
Some citizens initially welcomed the move. ACentral American University surveyshowed that 56% of respondents downloaded the government wallet.
The survey also found that 36% used Bitcoin at least once monthly.
Meanwhile, 14% of businesses conducted Bitcoin-related transactions. Bitcoin accounted for 2% of remittance payments. Since then, Bitcoin usage among businesses and citizens has declined sharply.
Bitcoin usage in El Salvador has nearly disappeared, according to recent reports. Bitcoin Core contributor Jon Attack said major restaurants accepting BTC had gone more than a month without payments.
Attack also said his payment was the only transaction received by Bitcoin Beach during August.
On top of that,Bit Facedreported that Bitcoin usage had fallen more than 99.8% since its legal-tender adoption. The decline reflected a broader shift in how Salvadorans viewed Bitcoin.
Reportsattributed the drop to changing sentiment.
Investors increasingly viewed Bitcoin as a long-term holding. Many Salvadorans therefore returned to card payments. Those holding Bitcoin preferred to wait for future gains rather than spend it daily.
That HODL mindset reduced merchant payment activity. Government policy changes added further pressure.
The IMF pushed El Salvador to remove mandatory Bitcoin acceptance for merchants. The change formed part of a $1.4 billion loan agreement.