The post discusses the challenges and ultimate failure of El Salvador's adoption of Bitcoin as legal tender. Key points include the significant costs associated with the experiment, including a $375 million expenditure that far exceeded any profits made from Bitcoin holdings. The limited success in financial inclusion and low adoption rates among businesses indicate that the cryptocurrency initiative has not yielded the anticipated benefits for the economy. The implications of delayed IMF negotiations due to the crypto policy have added to the economic strain, highlighting the risks associated with treating Bitcoin as a reserve asset. Discussions in comments also reference broader implications for other countries considering similar paths, and the supportive role of major VC firms in the crypto narrative is noted.