Bitcoin enthusiast El Salvador’s Nayib Bukele just released the writing called “Stop Drinking the Elite’s Kool-Aid” where he plans to set straight some important issues. Check out the latest reports.
Bukele addresses BTC haters
Take a look at his post on Twitter.
In “Stop Drinking the Elite’s Kool-Aid”, I set the record straight and contextualize the often unmatched scrutiny placed on El Salvador from the most powerful governments, NGOs, and mainstream media.
I respond them here with their own data.https://t.co/nGiOoNvmop
— Nayib Bukele (@nayibbukele) November 6, 2022
Check out some important notes that you can find in this writing.
Someone on Twitter posted this: “This “El Salvador is the epicenter of Bitcoin adoption, and thus, economic freedom, financial sovereignty, censorship resistance, unconfiscatable wealth, and the end of the kingmakers, their printing, devaluating, and reassigning the wealth of the majorities to interests groups, the elites, the oligarchs, and the ones in the shadows behind them, pulling their strings.”
El Salvador’s president addressed the haters who said that his country’s economy plummeted due to his BTC investments.
“you just need to read their articles and listen to their “experts” saying that all of this happened after El Salvador lost around $50 million because of bitcoin’s plummeting price on exchanges. Since we are not selling any bitcoin, this statement is obviously false. But for the sake of making a more profound analysis, let’s say it was entirely true, which of course it’s not, but bear with me,” he wrote.
“Really? A whole country’s economy was destroyed by a $50 million loss?”
He continued and explained:
“Yes, El Salvador is a relatively poor country, but in 2021 alone, we produced $28 billion in products and services. Pushing the idea that a $50 million loss — less than 0.2% of our GDP — would destroy or even put our country’s economy in trouble is far more than stupid; it is revealing.”
We recommend that you check out the complete writing in order to learn all the juicy details.
