In June of last year, El Salvador did something no other country had ever done before.

The country announced it would adopt Bitcoin as a form of national currency.

I will send to Congress a bill that will make Bitcoin a legal tender in El Salvador.

The country's president, Naïd Bouquelle, claimed crypto would create jobs, attract investment

and make financial services more accessible to people in a country where 70% of the population

didn't have a bank account.

Six months into this experiment, Bitcoin nation is not looking so hot.

Having spent months investigating what this actually looks like on the ground, what we found

is that the project is really a smoke screen.

What happens when a country adopts crypto as a national currency?

I'm Sean Ramosfer, that is a head on today's explained.

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