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world

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Anwar khayal
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Bikovski
This is what the #world fears most.✨ The technicals are screaming. A long-term trendline drawn from the late 1970s has guided oil prices for nearly five decades. Now, after years of volatile consolidation, that line is being tested once again. The chart is forming a pressure cooker pattern: a classic ascending trendline with a massive horizontal resistance zone sitting dead ahead at $120. Trump and his team understand the catastrophic consequences if that level is breached and held. That’s why the desperation is so visible the propaganda, the spin, the frantic efforts to suppress prices. This #oil {future}(CLUSDT) chart doesn’t just look bullish. It looks like a volcano on the verge of eruption. One spark ..a sunk tanker, a major refinery outage, a serious geopolitical escalation and the lid blows off. $120 will be taken out violently, and the next measured target sits near $220–$240 with terrifying speed. The pressure is building. The warning signs are impossible to ignore. The globe is watching… and bracing. De-escalation is paramount. Otherwise, it’s a gusher.
This is what the #world fears most.✨

The technicals are screaming.

A long-term trendline drawn from the late 1970s has guided oil prices for nearly five decades.

Now, after years of volatile consolidation, that line is being tested once again.

The chart is forming a pressure cooker pattern: a classic ascending trendline with a massive horizontal resistance zone sitting dead ahead at $120.

Trump and his team understand the catastrophic consequences if that level is breached and held.

That’s why the desperation is so visible the propaganda, the spin, the frantic efforts to suppress prices.

This #oil
chart doesn’t just look bullish.
It looks like a volcano on the verge of eruption.

One spark ..a sunk tanker, a major refinery outage, a serious geopolitical escalation and the lid blows off.

$120 will be taken out violently, and the next measured target sits near $220–$240 with terrifying speed.

The pressure is building. The warning signs are impossible to ignore.

The globe is watching… and bracing.

De-escalation is paramount.

Otherwise, it’s a gusher.
Bitcoin Breaks Above $73,000 – Is the Next Bull Run Starting?🚨 BITCOIN BREAKOUT ALERT: $BTC RECLAIMS 73,000 USDT! The crypto market is heating up again as $BTC officially surges above the 73,000 USDT zone, signaling renewed bullish momentum across the entire digital asset space. 📊 Current Price: 73,024.4 USDT 📈 24H Change: +0.48% 🔥 Market Sentiment: Bullish recovery phase building 💡 WHY THIS LEVEL MATTERS The 73K zone is not just another price level — it is a key psychological resistance turned support zone. If $BTC holds above this level: ✔ Strong bullish continuation likely ✔ Momentum traders may re-enter ✔ Altcoins could follow with breakout moves ⚠️ WHAT TRADERS ARE WATCHING NEXT • Can Bitcoin hold above 73K support? • Will volume increase in the next breakout attempt? • Is this the start of a new rally phase? 📊 MARKET OUTLOOK Bitcoin continues to show resilience despite volatility, with buyers stepping in at critical levels. This suggests accumulation is still active beneath the surface. 💬 FINAL THOUGHT🔥🔥 The market is not just moving — it’s positioning. And right now, Bitcoin is once again at the center of global attention. 🔥 🔥🔥 #BTC🔥🔥🔥🔥🔥 #BREAKOUT #World #Markets #Outlook

Bitcoin Breaks Above $73,000 – Is the Next Bull Run Starting?

🚨 BITCOIN BREAKOUT ALERT: $BTC RECLAIMS 73,000 USDT!

The crypto market is heating up again as $BTC officially surges above the 73,000 USDT zone, signaling renewed bullish momentum across the entire digital asset space.

📊 Current Price: 73,024.4 USDT

📈 24H Change: +0.48%

🔥 Market Sentiment: Bullish recovery phase building

💡 WHY THIS LEVEL MATTERS

The 73K zone is not just another price level — it is a key psychological resistance turned support zone.

If $BTC holds above this level:

✔ Strong bullish continuation likely

✔ Momentum traders may re-enter

✔ Altcoins could follow with breakout moves

⚠️ WHAT TRADERS ARE WATCHING NEXT

• Can Bitcoin hold above 73K support?

• Will volume increase in the next breakout attempt?

• Is this the start of a new rally phase?

📊 MARKET OUTLOOK

Bitcoin continues to show resilience despite volatility, with buyers stepping in at critical levels. This suggests accumulation is still active beneath the surface.

💬 FINAL THOUGHT🔥🔥
The market is not just moving — it’s positioning.
And right now, Bitcoin is once again at the center of global attention. 🔥 🔥🔥

#BTC🔥🔥🔥🔥🔥 #BREAKOUT #World #Markets #Outlook
World Liberty Financial rebuts WLFI Markets' lending concerns amid rising scrutinyDonald Trump-backed World Liberty Financial has fired back against criticism of its WLFI Markets lending position. The firm states it isn't nearing liquidation, assuring holders it has sufficient capital to support lending. WLFI says it will issue a governance proposal next week to release tokens locked by early holders. World Liberty Financial (WLFI) has pushed back against recent criticism surrounding its borrowing activity on the WLFI Markets decentralized finance platform. WLFI pushes back on liquidation risk claims In a late Thursday X post, the project addressed concerns about its lending position, outlining the structure of its exposure and dismissing fears of potential liquidation. We are one of the largest suppliers and borrowers on WLFI Markets. Yes, we supplied WLFI as collateral and borrowed stablecoins. No, we are nowhere near liquidation — and frankly, even if markets moved dramatically against us, we'd simply supply more collateral," the team stated. WLFI stated that it is a key participant within the protocol, describing its role as an "anchor borrower" that supports overall platform activity. According to the statement, this activity contributes to yield generation for other users. "By being the anchor borrower, we're generating the yield that makes WLFI Markets compelling for everyone else," WLFI added. The team also pointed to performance metrics that support the sustainability of its strategy, including an annual revenue run rate of $159.5 million tied to its USD1 stablecoin. The project added that it has conducted open-market buybacks exceeding 435 million WLFI tokens, worth $65.58 million over the past six months. The response follows scrutiny after Arkham's on-chain data highlighted the scale of WLFI's borrowing position. Critics have raised concerns about potential risks to lenders, citing limited token liquidity and a high concentration of collateral within the platform. Questions have also surfaced regarding repayment of WLFI's loans and the movement of borrowed stablecoins, particularly in the event of significant market volatility. The controversy has further drawn renewed attention to longer-standing concerns among early token holders. About 75% of the WLFI token supply has remained locked under initial distribution terms. In response, World Liberty Financial confirmed that it will introduce a governance proposal to address token unlocks. The proposal, expected to be published on the project's forum next week, will seek community input before a formal vote. It is expected to outline a structured, long-term vesting schedule for early retail participants, rather than a full immediate unlock, to balance liquidity considerations and market stability. Market sentiment around the token has weakened amid the ongoing debate. WLFI declined 14% over the past 24 hours to $0.0815, wiping roughly $300 million from its market cap. #WorldLiberty #world

World Liberty Financial rebuts WLFI Markets' lending concerns amid rising scrutiny

Donald Trump-backed World Liberty Financial has fired back against criticism of its WLFI Markets lending position.
The firm states it isn't nearing liquidation, assuring holders it has sufficient capital to support lending.
WLFI says it will issue a governance proposal next week to release tokens locked by early holders.

World Liberty Financial (WLFI) has pushed back against recent criticism surrounding its borrowing activity on the WLFI Markets decentralized finance platform.

WLFI pushes back on liquidation risk claims

In a late Thursday X post, the project addressed concerns about its lending position, outlining the structure of its exposure and dismissing fears of potential liquidation.

We are one of the largest suppliers and borrowers on WLFI Markets. Yes, we supplied WLFI as collateral and borrowed stablecoins. No, we are nowhere near liquidation — and frankly, even if markets moved dramatically against us, we'd simply supply more collateral," the team stated.

WLFI stated that it is a key participant within the protocol, describing its role as an "anchor borrower" that supports overall platform activity. According to the statement, this activity contributes to yield generation for other users.

"By being the anchor borrower, we're generating the yield that makes WLFI Markets compelling for everyone else," WLFI added.

The team also pointed to performance metrics that support the sustainability of its strategy, including an annual revenue run rate of $159.5 million tied to its USD1 stablecoin. The project added that it has conducted open-market buybacks exceeding 435 million WLFI tokens, worth $65.58 million over the past six months.

The response follows scrutiny after Arkham's on-chain data highlighted the scale of WLFI's borrowing position. Critics have raised concerns about potential risks to lenders, citing limited token liquidity and a high concentration of collateral within the platform.

Questions have also surfaced regarding repayment of WLFI's loans and the movement of borrowed stablecoins, particularly in the event of significant market volatility.

The controversy has further drawn renewed attention to longer-standing concerns among early token holders. About 75% of the WLFI token supply has remained locked under initial distribution terms.

In response, World Liberty Financial confirmed that it will introduce a governance proposal to address token unlocks. The proposal, expected to be published on the project's forum next week, will seek community input before a formal vote.

It is expected to outline a structured, long-term vesting schedule for early retail participants, rather than a full immediate unlock, to balance liquidity considerations and market stability.

Market sentiment around the token has weakened amid the ongoing debate. WLFI declined 14% over the past 24 hours to $0.0815, wiping roughly $300 million from its market cap.
#WorldLiberty #world
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Iran has strongly denied claims made by Donald Trump, calling them “false and baseless.” 🇮🇷 Tehran’s foreign ministry rejected Trump’s statement that Iran had requested a ceasefire, according to state media. Earlier, Trump posted on Truth Social that Iran’s “new regime president” had made such a request — but he did not clarify who he was referring to. He also warned that the US would only consider a ceasefire when the Strait of Hormuz is “open, free, and clear.” Until then, his tone remained aggressive ⚠️ Meanwhile, Keir Starmer announced that the UK will host a major international meeting this week focused on the Strait of Hormuz, signaling rising global concern 🌍 Oil prices briefly dropped below $100 per barrel 📉 At the same time, tensions continue to escalate across the region, with fresh strikes reported in Iran and Israel, and casualties in Lebanon now exceeding 1,300. The situation remains volatile, with the world closely watching what happens next 👀 $ETH $SIREN #Binance #NewsUpdated #world #Write2Earn
Iran has strongly denied claims made by Donald Trump, calling them “false and baseless.” 🇮🇷

Tehran’s foreign ministry rejected Trump’s statement that Iran had requested a ceasefire, according to state media.

Earlier, Trump posted on Truth Social that Iran’s “new regime president” had made such a request — but he did not clarify who he was referring to.

He also warned that the US would only consider a ceasefire when the Strait of Hormuz is “open, free, and clear.” Until then, his tone remained aggressive ⚠️

Meanwhile, Keir Starmer announced that the UK will host a major international meeting this week focused on the Strait of Hormuz, signaling rising global concern 🌍

Oil prices briefly dropped below $100 per barrel 📉

At the same time, tensions continue to escalate across the region, with fresh strikes reported in Iran and Israel, and casualties in Lebanon now exceeding 1,300.

The situation remains volatile, with the world closely watching what happens next 👀

$ETH
$SIREN

#Binance #NewsUpdated #world #Write2Earn
#ElonMusk #ArtificialIntelligence #world #binance #Web3 Глава ИИ-отдела Meta раскритиковал Илона Маска за теории заговора Ян ЛеКун назвал Маска «опасностью для общества» и распространителем «безумных теорий заговора». Публичный конфликт начался 27 мая, когда представитель корпорации высмеял пост бизнесмена о наборе сотрудников в стартап искусственного интеллекта xAI. «Присоединяйтесь к xAI, если вы можете выдержать начальника, который утверждает, что хочет “максимально строгого поиска истины”, но извергает сумасшедшие теории заговора на своей собственной социальной платформе». После этого Маск поставил под сомнение компетенцию ЛеКуна, спросив, какой «наукой он занимался последние пять лет». В ответ вице-президент Meta заявил, что с 2020 года опубликовал «более 80 технических статей», но миллиардера это не убедило. В другом посте Маск намекнул , что его оппоненту не хватает сообразительности, чтобы управлять компанией, поэтому он «просто следует приказам». 2 июня ЛеКун опубликовал длинный пост, который озаглавил: «Мое мнение об Илоне Маске».  Начал разработчик с того, что владеет двумя машинами Tesla и уважает другие технологии компаний самого богатого человека в мире: «Мне также нравится его позиция в отношении открытого исходного кода и патентов. Но я с ним совершенно не согласен по ряду вопросов. Я не согласен с тем, как он обращается со своими научными сотрудниками».  Маск также создал лишнюю «шумиху» обещаниями появления настоящего ИИ к 2025 году. Затем он обвинил бизнесмена в подрыве демократии.  «Говорите что хотите “традиционных СМИ”, но вы не сможете иметь достоверную информацию без профессиональных журналистов, работающих на свободную и разнообразную прессу. Демократия не может существовать без нее, поэтому только авторитарные враги демократии ругают средства массовой информации» ЛеКун уверен, что Маск «без колебаний распространяет безумные теории заговора, пока они служат его интересам». Например, бизнесмен поддерживал PizzaGate и утверждал, что «нелегальные иммигранты подрывают выборы в США».   Ответа пост с критикой пока не последовало. 
#ElonMusk #ArtificialIntelligence #world #binance #Web3

Глава ИИ-отдела Meta раскритиковал Илона Маска за теории заговора

Ян ЛеКун назвал Маска «опасностью для общества» и распространителем «безумных теорий заговора».
Публичный конфликт начался 27 мая, когда представитель корпорации высмеял пост бизнесмена о наборе сотрудников в стартап искусственного интеллекта xAI.

«Присоединяйтесь к xAI, если вы можете выдержать начальника, который утверждает, что хочет “максимально строгого поиска истины”, но извергает сумасшедшие теории заговора на своей собственной социальной платформе».

После этого Маск поставил под сомнение компетенцию ЛеКуна, спросив, какой «наукой он занимался последние пять лет».

В ответ вице-президент Meta заявил, что с 2020 года опубликовал «более 80 технических статей», но миллиардера это не убедило. В другом посте Маск намекнул , что его оппоненту не хватает сообразительности, чтобы управлять компанией, поэтому он «просто следует приказам».
2 июня ЛеКун опубликовал длинный пост, который озаглавил: «Мое мнение об Илоне Маске». 

Начал разработчик с того, что владеет двумя машинами Tesla и уважает другие технологии компаний самого богатого человека в мире:
«Мне также нравится его позиция в отношении открытого исходного кода и патентов. Но я с ним совершенно не согласен по ряду вопросов. Я не согласен с тем, как он обращается со своими научными сотрудниками». 
Маск также создал лишнюю «шумиху» обещаниями появления настоящего ИИ к 2025 году. Затем он обвинил бизнесмена в подрыве демократии. 
«Говорите что хотите “традиционных СМИ”, но вы не сможете иметь достоверную информацию без профессиональных журналистов, работающих на свободную и разнообразную прессу. Демократия не может существовать без нее, поэтому только авторитарные враги демократии ругают средства массовой информации»

ЛеКун уверен, что Маск «без колебаний распространяет безумные теории заговора, пока они служат его интересам». Например, бизнесмен поддерживал PizzaGate и утверждал, что «нелегальные иммигранты подрывают выборы в США».  

Ответа пост с критикой пока не последовало. 
▪️ABD merkezli teknoloji şirketi Microsoft’un sisteminde yaşanan arıza pek çok sektörü etkiledi. Havalimanları, bankalar, hastaneler gibi çok sayıda şirketin internet üzerinden sunduğu hizmetlerde kesinti yaşanıyor. ▪️Microsoft'taki Crowdstrike problemi tüm sektörleri etkiliyor. ÜLKELER SON DURUM BİLDİRDİ ▪️İngiltere'nin önemli televizyon haber kanallarından Sky News Cuma günü yayın yapamadı. ▪️İngı̇ltere'nı̇n sağlık rezervasyon sı̇stemı̇ sosyal medyada açıklama yapan sağlık yetkı̇lı̇lerı̇ne göre şu an "çevrimdışı." ▪️İngiltere'nin Edinburgh havalimanında ise yolcuların otomatik biniş kartı tarayıcılarını kullanamadığını, elle kontrol yapıldığı duyuruldu. ▪️Denizbank'ın web sitesine ulaşılamıyor. ▪️İsrail Sağlık Bakanlığı, şu açıklamayı yaptı: "Bilgisayar sunucularındaki küresel arıza hastaneleri ve sağlık hizmetlerini etkiliyor." ▪️Erişim sorunu yaşanan siteleri listeleyen Down Detector’a göre Microsoft’un yanı sıra Visa, Ryan Air, Virgin Media, Sky gibi sitelerde sorun yaşanıyor ▪️Almanya'da Berlin Havalimanı'nda uçuşlar saat 11 :00'e kadar ertelendi. ▪️Frontier Airlines, Allegiant ve SunCountry, operasyonlarının etkilendiğini duyuran havayolu şirketleri oldu. Frontier, ilerleyen saatlerde normal operasyonlara devam etme sürecinde olduğunu duyurdu. ▪️Veri takipçisi FlightAware'e göre Frontier, Perşembe günü 147 uçuşu iptal etti ve 212 uçuşu daha erteledi. Veriler, Allegiant uçaklarının yüzde 45'inin, Sun Country'nin ise yüzde 23 uçuşunu ertelediğini gösterdi. #ETH_ETF_Approval_23July #Microsoft #world #PresidentialDebate #US_Job_Market_Slowdown $BTC $ETH $ARKM
▪️ABD merkezli teknoloji şirketi Microsoft’un sisteminde yaşanan arıza pek çok sektörü etkiledi. Havalimanları, bankalar, hastaneler gibi çok sayıda şirketin internet üzerinden sunduğu hizmetlerde kesinti yaşanıyor.

▪️Microsoft'taki Crowdstrike problemi tüm sektörleri etkiliyor.

ÜLKELER SON DURUM BİLDİRDİ

▪️İngiltere'nin önemli televizyon haber kanallarından Sky News Cuma günü yayın yapamadı.

▪️İngı̇ltere'nı̇n sağlık rezervasyon sı̇stemı̇ sosyal medyada açıklama yapan sağlık yetkı̇lı̇lerı̇ne göre şu an "çevrimdışı."

▪️İngiltere'nin Edinburgh havalimanında ise yolcuların otomatik biniş kartı tarayıcılarını kullanamadığını, elle kontrol yapıldığı duyuruldu.

▪️Denizbank'ın web sitesine ulaşılamıyor.

▪️İsrail Sağlık Bakanlığı, şu açıklamayı yaptı: "Bilgisayar sunucularındaki küresel arıza hastaneleri ve sağlık hizmetlerini etkiliyor."

▪️Erişim sorunu yaşanan siteleri listeleyen Down Detector’a göre Microsoft’un yanı sıra Visa, Ryan Air, Virgin Media, Sky gibi sitelerde sorun yaşanıyor

▪️Almanya'da Berlin Havalimanı'nda uçuşlar saat 11 :00'e kadar ertelendi.

▪️Frontier Airlines, Allegiant ve SunCountry, operasyonlarının etkilendiğini duyuran havayolu şirketleri oldu. Frontier, ilerleyen saatlerde normal operasyonlara devam etme sürecinde olduğunu duyurdu.

▪️Veri takipçisi FlightAware'e göre Frontier, Perşembe günü 147 uçuşu iptal etti ve 212 uçuşu daha erteledi. Veriler, Allegiant uçaklarının yüzde 45'inin, Sun Country'nin ise yüzde 23 uçuşunu ertelediğini gösterdi.

#ETH_ETF_Approval_23July #Microsoft #world #PresidentialDebate #US_Job_Market_Slowdown $BTC $ETH $ARKM
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🔸️ My best memories with #binance are many, First, the remarkable #binancesupermeetup It was a special event and marked the true beginning of my journey in the world of trading and cryptocurrencies, then the learning experiences at Binance Academy, and My best memory is the #Binance200M , I still have so much more to say, For all of this, thank you 🙏 Binance 🧡 We are proud to be part of this and grateful for the continuous support. #BinanceTurns7 I was introduced to the world of crypto through Binance, It stands out in every aspect the quality of the platform and services, the number of users, its educational and awareness roles, and the numerous Distinctive gifts, real competitions, and valuable prizes. In short, Binance is highly beneficial to people in the #world . On its 7YA , I wish Binance continued growth, development, sustainability, and innovation 🚀 $BNB {spot}(BNBUSDT)
🔸️ My best memories with #binance are many, First, the remarkable #binancesupermeetup It was a special event and marked the true beginning of my journey in the world of trading and cryptocurrencies, then the learning experiences at Binance Academy, and My best memory is the #Binance200M , I still have so much more to say, For all of this, thank you 🙏 Binance 🧡 We are proud to be part of this and grateful for the continuous support.
#BinanceTurns7
I was introduced to the world of crypto through Binance, It stands out in every aspect the quality of the platform and services, the number of users, its educational and awareness roles, and the numerous Distinctive gifts, real competitions, and valuable prizes.
In short, Binance is highly beneficial to people in the #world .
On its 7YA , I wish Binance continued growth, development, sustainability, and innovation 🚀

$BNB
#WLD​​​ Que debo hacer con mis ORBS y ORO que regala la aplicacion #world ? Es simple, NADA. Dejenlos ahi y esperar que en algun momento tengan algun valor, o sean enlistados en #binance . Te los dan de regalo Y antes de ayer muchos usuarios vendieron los ORBS mediante la aplicacion #uniswap lo que redujo el valor de 20 y pico de u$s a apenas 4 y pico de u$s por la venta masiva de tokens. No sean ambiciosos, hay que saber esperar.
#WLD​​​
Que debo hacer con mis ORBS y ORO que regala la aplicacion #world ?
Es simple, NADA. Dejenlos ahi y esperar que en algun momento tengan algun valor, o sean enlistados en #binance . Te los dan de regalo Y antes de ayer muchos usuarios vendieron los ORBS mediante la aplicacion #uniswap lo que redujo el valor de 20 y pico de u$s a apenas 4 y pico de u$s por la venta masiva de tokens. No sean ambiciosos, hay que saber esperar.
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Bikovski
Worldcoin debe romper una fuerte barrera psicológica para seguir al alza Worldcoin (WLD) es el token nativo del protocolo de identidad digital que lleva el mismo nombre. Al igual que otras criptomonedas y tokens volátiles, como bitcoin (BTC) o ether (ETH), la cotización de WLD depende de la oferta y la demanda en el mercado. {future}(WOOUSDT) {spot}(SOLUSDT) $WOO $BTC $ETH #worldocin #worldcoinnews #world
Worldcoin debe romper una fuerte barrera psicológica para seguir al alza
Worldcoin (WLD) es el token nativo del protocolo de identidad digital que lleva el mismo nombre.

Al igual que otras criptomonedas y tokens volátiles, como bitcoin (BTC) o ether (ETH), la cotización de WLD depende de la oferta y la demanda en el mercado.
$WOO $BTC $ETH
#worldocin #worldcoinnews #world
porque las personas tienden a comprar en verde? el mercado en general tuvo un desplome espantoso hace poco menos de un mes y nadie quiso aprovechar esa subida y ya cuando ven las velas verdes es donde se ponen en modo #FearOfMissingOut aproveche las caídas para estar agusto en las subidas, gente comprando #ada a 0.90 sabiendo que hace poco estaba en 0.67, gente comprando #world a 1.33 cuando hace poco estaba en 0.84, ni hablar de solana, bajo a 137 y lo compran a 190 🤣 de verdad que no me lo creo, madre mía
porque las personas tienden a comprar en verde? el mercado en general tuvo un desplome espantoso hace poco menos de un mes y nadie quiso aprovechar esa subida y ya cuando ven las velas verdes es donde se ponen en modo #FearOfMissingOut aproveche las caídas para estar agusto en las subidas, gente comprando #ada a 0.90 sabiendo que hace poco estaba en 0.67, gente comprando #world a 1.33 cuando hace poco estaba en 0.84, ni hablar de solana, bajo a 137 y lo compran a 190 🤣 de verdad que no me lo creo, madre mía
#World El Salvador’s Bitcoin Experiment Ends: What It Means for Crypto Policy. El Salvador was the first country to adopt Bitcoin as legal tender, inspiring crypto enthusiasts worldwide. But three years later, parliament has repealed the law. The reasons behind this reversal—and its implications for Switzerland’s own Bitcoin debate—are worth examining. Ambitious visions were abundant. El Salvador’s President Nayib Bukele promised his people financial freedom through Bitcoin. He envisioned a Bitcoin City, where crypto firms from around the world would establish themselves and mine digital currency. The government even announced the world’s first Bitcoin sovereign bond. Bukele was heavily invested in Bitcoin’s success: According to the «NZZ» (paywalled article), he allocated $200 million in taxpayer money to the initiative—a staggering amount for a country on the brink of default. Parliament Reverses the Decision El Salvador was the first country in the world to declare Bitcoin an official currency in 2021—despite opposition from the International Monetary Fund (IMF). The move turned the nation into a showcase for Bitcoin proponents. Even in Switzerland, some crypto advocates frequently pointed to El Salvador as a pioneering project. However, the country’s parliament has now pulled the plug, repealing the law. Bitcoin is no longer official legal tender. Notably, the decision came just one day before a major international Bitcoin conference in San Salvador at the end of January.
#World

El Salvador’s Bitcoin Experiment Ends: What It Means for Crypto Policy.

El Salvador was the first country to adopt Bitcoin as legal tender, inspiring crypto enthusiasts worldwide. But three years later, parliament has repealed the law. The reasons behind this reversal—and its implications for Switzerland’s own Bitcoin debate—are worth examining.

Ambitious visions were abundant. El Salvador’s President Nayib Bukele promised his people financial freedom through Bitcoin. He envisioned a Bitcoin City, where crypto firms from around the world would establish themselves and mine digital currency.

The government even announced the world’s first Bitcoin sovereign bond. Bukele was heavily invested in Bitcoin’s success: According to the «NZZ» (paywalled article), he allocated $200 million in taxpayer money to the initiative—a staggering amount for a country on the brink of default.

Parliament Reverses the Decision

El Salvador was the first country in the world to declare Bitcoin an official currency in 2021—despite opposition from the International Monetary Fund (IMF). The move turned the nation into a showcase for Bitcoin proponents. Even in Switzerland, some crypto advocates frequently pointed to El Salvador as a pioneering project.

However, the country’s parliament has now pulled the plug, repealing the law. Bitcoin is no longer official legal tender.

Notably, the decision came just one day before a major international Bitcoin conference in San Salvador at the end of January.
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