【El Salvador's Crypto Dream Shattered? Bitcoin Remittances Plummet 45%, Economic Risks Surge!】
Once highly anticipated, El Salvador's "Bitcoin Economic Experiment" now faces a heavy blow! The latest data reveals: In the first quarter of 2025, El Salvador's crypto remittance amount plummeted by 44.5%, marking the largest decline since adopting Bitcoin as legal tender in 2021.
Having reached a peak of 57 million USD in 2021, crypto remittances have now drastically reduced to 16 million USD.
Currently, crypto remittances account for only 0.52% of the total remittance amount of 3 billion USD, with market adoption rates collapsing.
Bitcoin prices have fluctuated violently between 93,907 and 108,949 USD, triggering panic and wait-and-see sentiments among users.
Regulatory uncertainty + price volatility have made it difficult to realize the advantages of crypto remittances, failing to shake the position of traditional channels.
Future Outlook:
Despite facing a winter, digital remittances still hold hope for a rise. The total digital remittance amount for the year 2025 is expected to reach 148 million USD, with non-crypto transfers becoming a market highlight!
Brothers, the financial revolution on the blockchain is still on its way; after the storm, a rainbow will surely appear. At this moment, let's remain rational and await new opportunities!
