Breaking new ground by accepting Bitcoin as a legal currency, El Salvador has been subject to criticism since the Bitcoin decision. Many international financial institutions, who say that accepting Bitcoin is a gamble, still continue their criticism.
Nayib Bukele, the president of El Salvador, who ignored the criticism and continued his projects related to Bitcoin, this time responded to the criticism from his active twitter account.
Bukele expressed his thoughts on Bitcoin acceptance as follows:
“What international organizations call the “Bitcoin Experiment” is nothing more than the world watching how mass adoption changes a country’s economy.
If our Bitcoin thesis is successful, it’s game over for FIAT coins. El Salvador is the spark that ignites the real revolution.”
What has been called by international organizations as “The #Bitcoin Experiment”, is nothing more than the world watching how mass adoption changes a country’s economy.
If it’s for the good, it’s game over for FIAT.
El Salvador is the spark that ignites the real revolution.
— Nayib Bukele 🇸🇻 (@nayibbukele) December 23, 2021
El Salvador’s decision to accept Bitcoin was also criticized by well-known names such as the head of the Bank of England, Andrew Bailey, who attracted attention with Bitcoin criticism, especially the IMF.
Nayib Bukele, who has become one of the most famous names in the crypto money industry with the Bitcoin decision, continues his belief and support for Bitcoin. Because Bukele turns the decreases in Bitcoin into an opportunity and continues to buy Bitcoin.
The President of El Salvador finally said, “21. He announced that he had received 21 Bitcoins to celebrate the “last 21st day of the 21st year of the 21st century” and because its supply was limited to 21 million.
*Not investment advice.