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The government says it's confident in its long—term plan. in fact, president bukele is doubling down bitcoin. he's planning to build a state—of—the—art city shrine to cryptocurrency, but the project is months behind schedule and has not yet been paid for. i'm joined now by kate baucherel, cryptocurrency expert and author. thank you for being with us. does this show you it has been a bit of a disaster in el salvador, investing so heavily in bitcoin? i disaster in el salvador, investing so heavily in bitcoin?— disaster in el salvador, investing so heavily in bitcoin? i don't think so. ...

The pet hospital is the latest idea from the government to get people to embrace bitcoin. it's been nine months since the country's cryptocurrency loving president made bitcoin an officially legal tender alongside the us dollar. acceptande coin? si. many businesses now accept this digital currency, that started on niche internet forums. the novelty has created an uptick in so—called bitcoin tourists, and the idea is spreading. the central african republic has also made bitcoin legal tender. for el salvador, bitcoin take—up is being led by a highly marketed and heavily subsidised app called...

Been quite sound and quite interesting.— been quite sound and quite interesting. been quite sound and quite interestini. , ., , ., interesting. 0k, tell us a bit more what were — interesting. 0k, tell us a bit more what were the _ interesting. 0k, tell us a bit more what were the intentions - interesting. 0k, tell us a bit more what were the intentions why - interesting. 0k, tell us a bit more what were the intentions why is i interesting. 0k, tell us a bit more what were the intentions why is it| what were the intentions why is it still a good idea? it’s what were the intentions why is ...

Fast rise to it, and overall, the trend in terms of value is generally upwards. the central african republic system an interesting one, because they have very low internet adoption, around 7% of the population has online access, so i don't see how digital currency is going to work well there in any way. but the point with the start at el salvador say start of the closed ecosystem, so there wasn't any conversion backwards and forwards between bitcoin and dollars, they were just paying each other in bitcoin like cowrie shells, in the old days. bitcoin like cowrie shells, in the old da s. ., ., b...

About why bitcoin has - have here in europe. talk to is about why bitcoin has fallen i have here in europe. talk to is| about why bitcoin has fallen so dramatically? it has been an interesting 5; dramatically? it has been an interesting— dramatically? it has been an interestini ., ., ., interesting a few weeks, have to sa ! interesting a few weeks, have to say! there _ interesting a few weeks, have to say! there have _ interesting a few weeks, have to say! there have been _ interesting a few weeks, have to say! there have been a - interesting a few weeks, have to say! there have been a numbe...