Juan Griguera is an academic and researcher at the intersection between political economy, development and digital technologies. I am currently a senior lecturer at King's College London and a member of the editorial collective of Historical Materialism and Cuadernos de Economía Critica.

October 2, 2025

Analysis

Bitcoin under Bukele

Remittances and the failures of El Salvador’s techno-utopian economy

, Lina Schmid, Juan Grigera

Earlier this year, El Salvador quietly put an end to its infamous “Bitcoin experiment.” In an economy dependent on remittances from the US, the project promoted the adoption of crytocurrencies under a financial inclusion framework. But it was ultimately unable…