One of the world’s most famous economists Nouriel Roubini leading cryptocurrency Bitcoin’to (BTC) became one of the most distant.
Roubini now wants the punishment of El Salvador President Nayib Bukele, who used the tax of citizens in his country to buy Bitcoin.
Bukele Should Be Penalized For His BTC Investment
financial services giant moody’s Earlier this week, he had lowered El Salvador’s foreign loan rate. The reason why Moody’s is doing this is known as the country’s investment in Bitcoin and increasing its investment in BTC with each fall.
El Salvador is actually for this reason From the International Monetary Fund (IMF) will receive $1.3 billion He may have had to forget about the loan as well. Moody’s analyst Jaime Reusche said in a statement on the subject that if El Salvador persists in investing in Bitcoin, its financial stability will worsen.
El Salvador, on the other hand, issued $800 million of debt securities, which yielded 34% due to price action this month. In fact, this causes great harm to the state.
Nouriel Roubini also said in a statement on the subject that he dismissed the President of El Salvador and betrayed his country. Roubini stated that Bukele dragged the country into bankruptcy and he did this on purpose.
The president of El Salvador, on the other hand, showed how determined he is by buying additional BTC even in the last Bitcoin drop. Considering the recent decline, BTC may have entered a bear market that will last for many years.