Weighing the Pros and Cons of El Salvador’s Bitcoin Adoption

Weighing the Pros and Cons of El Salvador’s Bitcoin Adoption

  • Case
  • Teaching Notes
Abstract

In early September 2021, El Salvador became the first nation to adopt the cryptocurrency Bitcoin as legal tender, in a move that the country’s president says will help modernize its financial infrastructure. But the adoption pushed many citizens to the streets in protest, saying that Bitcoin would remain inaccessible to a large part of the country and would primarily benefit wealthy investors. With Bitcoin and other cryptocurrencies climbing in popularity and mainstream acceptance, El Salvador’s adoption may be examined as a test case for other nations considering a similar move. This short case asks students to weigh the risks and benefits of Bitcoin as a legal tender.

You are not authorized to view Teaching Notes. Please contact your librarian for access or sign in to your existing instructor profile.
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles