December 3, 2023

Bitcoin headlines more often than not focus on the price. Whether it goes up or down in U.S. dollar terms, the media rides the wave accordingly, denoting “bubbles” and “crashes” as they come. As a result, the technology’s fundamentals get little to no coverage and the “Bitcoin curious” audience doesn’t get much insights into what is shaping the peer-to-peer (P2P) currency’s growth.

This dynamic can be further exemplified with the adoption of bitcoin as legal tender by El Salvador. Most outlets have chosen to focus more on the ways the experiment could have and, in some instances, did go wrong, rather than on the gains the country and population have had since the inception of the legislation.

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