President Booker retaliates against critics of “Bitcoin Experiment”


On Thursday, El Salvador’s President Naib Bukler Reiterate His belief in Bitcoin (Bitcoin) Once again dominates on Twitter, this time saying that after widespread adoption, “the fiat currency game is over.”

The President of El Salvador has been the mainstay of news headlines due to its government’s regular purchase of BTC and its absolute support for Bitcoin. He often issued statements and comments to support the original cryptocurrency, while refusing to give in when criticizing Bitcoin as a bad idea for the country.

related: El Salvador buys more than 420 bitcoins

President Booker’s recent tweet came when the international community launched a fierce attack on El Salvador for his “bitcoin experiment”.

International Monetary Fund Criticize El Salvador’s move to adopt Bitcoin June as legal tender, but the country still passed it and started Accept BTC as legal currency In September.Andrew Bailey, Governor of the Bank of England, is Famous Bitcoin critic. Recently, when Bailey gave a speech at the Cambridge University Student Union Expressed his concerns El Salvador decided to use Bitcoin as its currency because of its extreme volatility.

However, Bukele hit back at his critics, stating that while El Salvador is considered a “bitcoin experiment” elsewhere in the world, it is changing its economy through the massive adoption of bitcoin. Bukele also claimed that when fiat currency is no longer a factor when compared to the dominance of BTC, El Salvador will be seen as the spark to start a real revolution.

Since adopting Bitcoin as legal tender, El Salvador has used Bitcoin profits or the “surplus” of Bitcoin trust accounts Funded the construction of 20 schools. In mid-October, Bukele announced that the government would allocate US$4 million from the Bitcoin Trust Fund for Build a new veterinary hospital In San Salvador.

Bukele’s latest riff recently appeared in El Salvador Bought 21 bitcoins Celebrating the “last 21 days of the 21st century” on Tuesday and commemorating the scarcity of Bitcoin The supply is limited to 21 million BTC.