分析发现，萨尔瓦多的比特币实验证明了加密货币注定是金钱。

即使在政府的支持下，收养也被吐了个，约翰·保罗·康宁（John Paul Koning）在博客文章中说。比特币的固有波动和不切实际性使其不适合日常交易，使其成为广泛使用的电子现金形式的任何希望。

El Salvador's adoption of Bitcoin (CRYPTO: BTC) as legal tender has ultimately shown that the cryptocurrency is not viable as a widespread payment system, according to an analysis by John Paul Koning.

根据约翰·保罗·科宁（John Paul Koning）的分析，萨尔瓦多（El Salvador）采用比特币（Crypto：BTC）作为法定招标最终表明，加密货币不可行，作为广泛的支付系统。

Even with government support, adoption sputtered, Koning stated in a blog post. Bitcoin's inherent volatility and impracticality make it unsuitable for everyday transactions, dimming any hopes of it becoming a widely-used form of electronic cash.

即使在政府的支持下，收养也被溅出了，Koning在博客文章中说。比特币的固有波动性和不切实际性使其不适合日常交易，使其成为广泛使用的电子现金形式的任何希望。

"El Salvador's four-year Bitcoin experiment definitively proved that Bitcoin is not destined to be money," Koning wrote. "Even with government mandates, subsidies, and the elimination of tax barriers, Bitcoin payments never gained traction."

康宁写道：“萨尔瓦多的四年比特币实验明确证明了比特币注定是金钱。” “即使政府授权，补贴和消除税收障碍，比特币的支付也从未获得关注。”

El Salvador made Bitcoin legal tender in 2021, requiring businesses to accept it and offering incentives such as zero capital gains tax and fee-free transactions. The initiative was meant to increase financial inclusion and lower remittance costs.

萨尔瓦多（El Salvador）在2021年制定了比特币法律货币，要求企业接受它，并提供诸如零资本利得税和免费交易之类的激励措施。该计划旨在增加金融包容性和降低汇款成本。

However, according to data from El Salvador's central bank, the percentage of total remittances sent via Bitcoin wallets peaked at 4.5% before declining to just 0.87% by late 2024.

但是，根据萨尔瓦多中央银行的数据，通过比特币钱包发送的总汇款百分比为4.5％，然后到2024年末下降到仅为0.87％。

Survey data further supports the lack of adoption. A study by economists Alvarez, Argente, and Van Patten found that while over half of Salvadoran adults downloaded the government-backed Chivo wallet, most abandoned it after receiving their $30 Bitcoin bonus. The median user reported no Bitcoin transactions in a typical month.

调查数据进一步支持缺乏采用。经济学家阿尔瓦雷斯（Alvarez），阿根廷（Argente）和范·帕滕（Van Patten）的一项研究发现，尽管超过一半的萨尔瓦多成年人下载了政府支持的chivo钱包，但大多数人在获得了30美元的比特币奖金后放弃了它。中位用户在典型的一个月内报告没有比特币交易。

"For Bitcoin to function as money, it needs a circular economy — businesses accepting it and consumers spending it," Koning noted. "But businesses that accepted Bitcoin overwhelmingly converted it to dollars, and consumers rarely used it for transactions."

康宁指出：“要使比特币作为金钱运作，它需要一个循环经济 - 企业接受它，消费者花费它。” “但是接受比特币的企业压倒性地将其转换为美元，消费者很少将其用于交易。”

A separate survey by José Simeón Cañas Central American University showed that Bitcoin usage for payments in El Salvador fell from 25.7% in 2021 to just 8.1% by 2024. Among that 8.1%, most used Bitcoin only once or twice a year, with only 1 in 200 Salvadorans making Bitcoin payments on a weekly basis.

何塞·西米恩·卡纳斯（JoséSimeónCañas）中美洲大学的另一项调查显示，萨尔瓦多（El Salvador）付款的比特币使用率从2021年的25.7％下降到到2024年的8.1％。在8.1％中，大多数使用的比特币每年只有1次，只有1个。在200个萨尔瓦多人中，每周进行比特币付款。

Koning attributes Bitcoin's failure as a payments tool to its intrinsic volatility, arguing that both risk-averse and risk-seeking users have little incentive to spend it. "Risk-averse individuals avoid Bitcoin because of its price swings, while speculators hold it expecting future gains. The end result is that no one actually uses it for payments," he wrote.

Koning将比特币作为付款工具的失败归因于其内在波动性，认为比特币的付款工具都认为，规避风险和寻求风险的用户几乎没有动力花费它。他写道：“避开风险的人由于价格波动而避免了比特币，而投机者则认为未来会收益。最终结果是没有人实际上将其用于付款。”

El Salvador ultimately repealed its Bitcoin mandate in early 2025, partly due to pressure from the International Monetary Fund, but Koning argues that Bitcoin's failure as a payments tool was evident long before that.

埃尔·萨尔瓦多（El Salvador）最终在2025年初废除了其比特币授权，部分原因是国际货币基金组织的压力，但康宁（Koning）认为，比特币作为付款工具的失败在此之前就已经很明显了。

"The saddest thing about El Salvador's Bitcoin experiment is the wasted resources — funds that could have been used for healthcare and education instead went into an unusable payments system," he wrote.

他写道：“关于萨尔瓦多比特币实验的最可悲的事情是浪费的资源 - 本来可以用于医疗保健和教育的资金，而是进入了无法使用的支付系统。”

Koning sees El Salvador's experience as conclusive proof that Bitcoin will never function as everyday electronic cash.

Koning认为El Salvador的经验是比特币永远不会充当日常电子现金的最终证据。

"A government spent four years actively pushing Bitcoin as a payment method, and it still failed. The lesson here: Bitcoin is a bad payments tool and will never become widely-used electronic cash. It's time to move on."

“政府花了四年的时间积极将比特币作为付款方式，但仍然失败了。这里的教训：比特币是一种不良的付款工具，永远不会成为广泛使用的电子现金。现在该继续前进了。”