Betrayal in El Salvador? Warning of the new big dump for BTC

Today is the fifth day of the new lunar year, which should be the day to welcome the god of wealth, but El Salvador has sent a "special gift" to the global market. With BTC sinking again, it has once again sparked heated discussions about the fundamental nature of the cryptocurrency market. From El Salvador's first-time adoption of BTC as legal tender, to the fact that it is now forced to review its policy due to financial and international pressures, the "BTC experiment" in El Salvador has reached a thought-provoking conclusion. At the same time, the volatility of BTC prices serves as another reminder that cryptocurrencies are more risky and challenging than we think.
Start an adventure in El Salvador
In September 2021, El Salvador became the first country in the world to adopt BTC as a legal currency, opening up a new historic era. In this way, President Nayib Bukele wants to help the country break free from the "shackles" of the dollar and achieve "financial independence". In order to encourage the use of BTC by the public, the government not only provided support of $30 worth of BTC, but also launched an official wallet called "Chivo" and deployed BTCATMs throughout the country. These moves have made cryptocurrency enthusiasts around the world excited and led the Salvadoran government to make a decision.