El Salvador’s Pro Bitcoin President Condemns World Federal Reserves
CoinEdition
Published Nov 01, 2022 09:52AM ET
El Salvador’s Pro Bitcoin President Condemns World Federal Reserves
- President Bukele criticized the world’s monetary authorities for unfavorable economic policies.
- He claims monetary authorities only rob ordinary citizens of their wealth and savings.
- Previously, Bukele attacked an economic professor for his prediction turning false.
Nayib Bukele, the Bitcoin-lover president of El Salvador, has criticized the world’s monetary authorities for their supposedly unfavorable economic policies.
In an interview with FOX news today, Bukele said there is nothing federal about Federal Reserves, claiming that monetary authorities only rob the ordinary citizens of their wealth and savings by printing more money into the economy. Samson Mow, the Chinese CEO of Pixelmatic, who tweeted a part of the interview, added that Bitcoin fixes the economic failures of the federal authorities.
However, the claim that El Salvador had an energy deficit was inaccurate as available evidence proved that the country’s maximum energy consumption was 1,030 megawatts (MW), and the installed capacity could generate 2,065.79 MW.
The post El Salvador’s Pro Bitcoin President Condemns World Federal Reserves appeared first on Coin Edition.
See original on CoinEdition
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.