El Salvador Bitcoin-backed bondswhile delaying the export of President Nayib Bukelethat the Bitcoin-backed “Volcano Bonds” initiative will “make the world a little harder” and will end the supremacy of the dollar tweeted:
Invest in Volcano Bonds 🌋 and “make the world that bit harder to police”!#Bitcoin fixes colonialism! https://t.co/Iqr0mVvBAt
— Nayib Bukele (@nayibbukele) March 22, 2022
This tweet by Bukele was made on the very same day that the El Salvador government postponed the issuance of “Volcano Bonds”, citing unfavorable market conditions.
As it is known, El Salvador had planned to start issuing Bitcoin-backed bonds on March 15-20, but this seems to have been postponed to September for now. However, Bukele still thinks this will seriously undermine the supremacy of the US dollar.
“Bitcoin Fixes Colonialism!”
On the other hand, “Invest in Volcano bonds and make the world a little harder for the police!” Saying that, Bukele did not neglect to add to the end of his tweet that Bitcoin will correct colonialism.
However, Bukele’s criticism of the US dollar is a direct response to an article in the leading British newspaper The Telegraph, in which the world should fear El Salvador’s bizarre Bitcoin experiment.
The article in question; With the decentralized nature of cryptocurrency, it has become increasingly dangerous, allowing individuals and countries to raise funds without international surveillance, thus making the world “a little harder for the police.”