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paradite on May 11, 2022 | parent | context | favorite | on: El Salvador expected to default as Bitcoin plummet...

> the price of the most popular cryptocurrency in the world has plummeted more than 50%

How does the "price of bitcoin" fall? Is it referring to the exchange rate between USD and bitcoin?

Why does that matter when bitcoin is a legal domestic currency?

simonh on May 11, 2022 | [–]

For the same reasons that any collapsing domestic currency matters.

Hamuko on May 11, 2022 | [–]

Foreign trade?

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