The President of El Salvador has an unrealistically optimistic outlook on the future of crypto, including Bitcoin
El Salvador's President Nayib Bukele; Image: Jose Cabezas / Reuters
El Salvador’s President Nayib Bukele, a well-known Bitcoin maximalist, recently appeared on Twitter to highlight Bitcoin’s importance amidst the current upheaval in the crypto market. He wrote that the defunct crypto exchange FTX is not like Bitcoin. He brought out how opposed FTX and Bitcoin are because of the exchange’s lack of transparency and unethical treatment of consumers’ monies.
“FTX is the opposite of #Bitcoin
#Bitcoin’s protocol was created precisely to prevent Ponzi schemes, bank runs, Enron’s, WorldCom’s, Bernie Madoff’s, Sam Bankman-Fried’s…
…bailouts and wealth reassignments.
Some understand it, some not yet.