El Salvador's Bitcoin Bet: Benefits Elusive for Citizens, NGO Warns

El Salvador's groundbreaking adoption of Bitcoin as legal tender is facing scrutiny, with a non-governmental organization (NGO) executive asserting that the nation's significant Bitcoin reserves have not translated into tangible benefits for its citizens. The government has promoted Bitcoin as a tool for financial inclusion and a hedge against economic instability, earmarking profits from its Bitcoin holdings for social projects. However, critics argue that rising living costs and stagnant wages indicate a failure to deliver on these promises.