El Salvador’s President claimed that Bloomberg’s article criticizing his Bitcoin policy was “full of lies”Nayib Bukele, the President of El Salvador, is a well-known supporter of. In September 2021, he laid out a dream for his people, a vision to revolutionize his country’s economy and reimagine foreign remittances by leveraging the power of BTC and making it legal tender.
Crypto enthusiasts and Bitcoin maximalists welcomed the move wholeheartedly. However, President Bukele, who once referred to himself as the world’s ‘coolest dictator,’ faced ample criticism for his as well. One such criticism came out early in November. Bloomberg published an article highlighting the apparent failure of the controversial experiment.by Bloomberg indicated a disagreement with Nayib Bukele’s Bitcoin ambitions and his decision to spend public money on acquiring such a volatile asset. The article shed light on the $100 million worth of BTC bought by Bukele’s administration while his country faced a potential debt crisis.
According to Bloomberg, the experiment failed spectacularly, and almost no one in the country seemed to be making transactions using Bitcoin.“This article is full of lies, which is standard for Bloomberg…”But what is most surprising is how the mainstream media suddenly cares so much about El Salvador.
Corrupt politicians plundered 37 billion dollars from our state coffers and they never wrote one single article.