El Salvador President Nayib Bukele is the first president who took initiative to make Bitcoin a legal tender. No country dares to take such a step before. El Salvador is the first nation in the world to embrace Bitcoin as an official and legal tender.
Many people welcome this initiative and this sets a good example that other countries can follow. People start thinking about crypto in a different way and how it can contribute to the growth and development of a country. It did not take long to see the next country embracing Bitcoin.
The Central African Republic becomes the second country that recognized Bitcoin as a legal tender. Critics start doing their job and keep talking about how bad it could be to put trust in Bitcoin. According to their opinion, Bitcoin is nothing but a bubble that is going to burst soon.
The International Monetary Fund (IMF) is not happy about El Salvador's stance which clearly shows what IMF stands for. Bitcoin gives freedom and lets you free from invisible control. Mainstream media does its best to criticize Bitcoin and El Salvador which embraces Bitcoin.
El Salvador President Nayib Bukele reacts to the mainstream media's criticism and shows its double standard when it comes to Bitcoin. They keep silent when billions of dollars disappear due to corruption. Since it is tied to fiat currency, they are not vocal about it the way they play their role in crypto.
No matter what happens, once someone realizes what Bitcoin offers, nothing can stop him from moving forward. El Salvador started buying one Bitcoin every single and this is a great time to buy and accumulate BTC. Not only that, El Salvador creates National Bitcoin Office to support and facilitate all projects related to cryptocurrency.
Time will say who is right. Let the mainstream media laugh because it will not last long. People are suffering and having a hard to making a living due to inflation, macroeconomic factors, and all chaos that the broken financial system brings. The world will change with more innovation and development.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
Image Sources: 1.
References: 1, and 2.
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I don't think him reacting will do anything. From what I see, the media is intent on pushing their narrative and it won't be changing anytime soon.
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The mainstream media will keep pushing their narrative, but the way people are adopting crypto, things may change pretty fast.
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