Tobias Boos is a senior scientist at the Department of Political Science at the University of Vienna. His current research focuses on the political economy at the intersection of finance, infrastructure, and geopolitics.

October 2, 2025

Analysis

Bitcoin under Bukele

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

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…