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21 sats \ 1 reply \ @drlh OP 10 Nov \ parent \ on: Bukele investigates supermarkets for price hikes in El Salvador Politics_And_Law
I don't think the mass of foreign bitcoiners would have influenced the prices really much. There would have been more businesses accepting bitcoin than is now.
Perhaps the price could be influenced by external markets, el salvador imports much food, vegetables for sure. Being almost free of tariffs.
More stores accepting bitcoin wouldn’t affect supply and demand of the products though, right? Hasn’t purchasing power for food has gone down in BOTH currencies? I assume if prices rise in one currency, it rises in the other too.
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