Sabrina Escobar

Barron’s Cover Story

For those who believe in Bitcoin, El Salvador looks like a crypto paradise. Yet a year after the country passed a law that established the crypto as a legal currency, it remains far from a crypto lover’s dream. Instead, it has turned into a cautionary tale of what happens when a country adopts a cryptocurrency, tries to weave it into its economy, and rebrands itself as a tech-friendly haven: It isn’t working as advertised.