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More than a year after El Salvador codified bitcoin as legal tender in the Latin American country, the country was catapulted into the international spotlight by breaking the “orange pill.” , 41-year-old El Salvadorian President Nayib Bukele, published an editorial of opinions aimed at detractors who think it was the wrong decision, those who think it was a good decision but for the wrong reasons, and opponents. I wrote A person who is “afraid of our decisions.”
According to the President of El Salvador Naive Bukeleif the Bitcoin experiment his country is a part of is successful, many other countries around the world will follow in the footsteps of the Latin American country.Stop Drinking Elite Kool-Aid‘ was released in English and Spanish on September 30, 2022. In an editorial, Bukele criticized his three camps of detractors, believing most of them were simply afraid of El Salvador’s revolutionary decisions.
“The most vocal detractors who fear and pressure to overturn our decisions are the world’s powerful elites and those who work for or benefit from them.” Bukele explains in his article. They used to own everything, and in some ways they still own it. Media, banks, NGOs, international organizations, and just about every government and business in the world.
Bukele also dismissed numerous headlines claiming a “whole country economy” released by media outlets such as “Bloomberg, Forbes, Fortune, Financial Times, Deutsche Well, BBC, Al Jazeera, Guardian, New York Times, Washington Post” doing. It was destroyed with a loss of $50 million. The president of El Salvador says the claim is ridiculous, mainly because he hasn’t sold a single bitcoin since the country started taking stashes of bitcoins. Bitcoin.
So the claim that you lost $50 million worth of bitcoin is false because you never sold bitcoin, Bukele’s editorial claims. “And even if we accept that argument as true, it would be silly to conclude that in 2021 we’re going to bankrupt or default on a $28 billion annual economy because of a 0.2% ‘loss’ in one year. The economy grew 10.3%, or $4 billion. This uses the IMF’s own numbers. “
Bukele’s opinion further adds:
By 2021, GDP will increase by 10.3%, tourism income will increase by 52%, employment will increase by 7%, new business will increase by 12%, exports will increase by 17%, energy generation will increase by 19%, Energy exports increased by 3,291%, boosting internal income. 37% increase without tax increase. And this year, crime and homicide rates have dropped by 95%.
A bureaucrat in El Salvador understands that bitcoin is such a big experiment that he thinks it is silly to claim the country has already failed. Similar to the inventor of Bitcoin. Similarly, El Salvador is in a grand experiment and only time will tell if the Latin American nation’s bet will succeed or fail. If it succeeds, Bukele’s editorial asserts that many countries will follow El Salvador’s footsteps.
El Salvador is the epicenter of Bitcoin adoption and therefore economic freedom, financial sovereignty, resistance to censorship, unconfistable wealth, and the end of the kingmaker, their printing, devaluation, and the wealth of the majority. Groups, reassigning to the elite, oligarchs and the shadowy people behind them are pulling the strings, Bukele’s article concludes. If El Salvador succeeds, many countries will follow. If El Salvador fails in any way, we will refuse, but none will follow.
What do you think of El Salvador’s President Naive Bukele’s recent op-ed? Let us know your thoughts on the matter in the comments section below.
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