ADRIAN FLORIDO, HOST:
The recent collapse in the value of cryptocurrencies has left a lot of investors in those digital assets in a lot of pain. The collapse is also causing trouble in El Salvador, whose president, Nayib Bukele, last year adopted bitcoin as one of the country's legal tenders alongside the U.S. dollar and has invested more than $100 million in bitcoin. To help us better understand what this could mean for El Salvador's economy, we're joined by Julio Sevilla. He's an associate professor at the Terry College of Business at the University of Georgia. Julio Sevilla, welcome to ALL THINGS CONSIDERED.
JULIO SEVILLA: How are you, Adrian? Thanks for inviting me.
FLORIDO: Thanks for joining us. El Salvador was the first country to adopt bitcoin as an official currency. Can you remind us why President Nayib Bukele thought this was a good idea?
SEVILLA: Yes. So there were two reasons that the president provided often for this endeavor. One of them was that he wanted the people...
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