Forbes - 🔥 Burning a bitcoin ATM

Fiery but mostly peaceful: Images from the protests show a recently installed bitcoin ATM being burned alongside signs branding president Nayib Bukele a "dictator." Other signs seen read "we were defrauded by bitcoin," "no to dictatorship" and "respect the constitution." Bukele, after announcing his plan to adopt bitcoin in June, rushed the plan through the country's legislature with little scrutiny and has claimed using bitcoin will mean Salvadorans working abroad save millions of dollars every year when sending money back home—it's so far unclear whether it will actually work.

Cash strapped: A Quartz report yesterday suggested claims El Salvador will save $400 million a year in remittance fees by adopting bitcoin don't "necessarily stack up."

On the ground: "It's important to say this morning: Enough already! What the government is doing is arrogant, it is authoritarianism," protester Dora Rivera told Reuters.

Opposition opinion: "Bitcoin was a very big economic decision, and it was done totally illogically, sent to congress and passed the same day," opposition lawmaker Claudia Ortiz told Bloomberg, adding it was unclear who was behind the vandalism. "We are going through a profound fiscal crisis with high cost of living and unemployment and the government’s response, instead of serious economic policy, is to adopt bitcoin as legal tender."

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