The article discusses the recent controversy surrounding President Nayib Bukele of El Salvador and the country's commitments under an IMF deal. Bukele's administration agreed to wind down the Chivo wallet, suspend bitcoin purchases, and halt the public sector's mining initiatives, which goes against the country's push for bitcoin adoption. Instead of providing transparency, Bukele chose to defend the decision without disclosing the specific circumstances. This approach has caused some individuals, like Andreas Kohl, to lose hope and leave the country. However, grassroots activists like John Dennehy are continuing to push for bitcoin adoption through education. The article suggests that El Salvador's experience may serve as a cautionary tale for top-down approaches to bitcoin adoption instead of education-led initiatives.



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