El Salvador's president converts large batch of cocaine into bitcoin

Briefly:

  • Salvadoran leader Nayib Bukele became the most krypto-friendly president
  • He uses every opportunity to replenish the treasury with cryptocurrency
  • This time the reason for joy was a large shipment of cocaine

El Salvador has become a favorite topic in the crypto community. All thanks to the imposing president who is in love with Bitcoin – he recognized it as the state currency and plans to build the world’s first Bitcoin City next year.

Not a day goes by that Nayib Bukele doesn’t blow up Twitter with his flashy crypto posts. A large shipment of cocaine inspired the president’s new tweets today. million. The President of the country immediately recalculated this into the number of bitcoins (approximately 2048 BTC):

El Salvador as the spark of the crypto revolution

A colorful leader makes grandiose plans for the future of his country. So, the already mentioned Bitcoin City will completely work on geothermal energy and will accept only cryptocurrency. To find money for construction, El Salvador will issue government bonds at 6%. By the way, even before the official release, investors bought up 92% of these bonds.

But the main thing that Nayib Bukele remembers is his sharp criticism of the United States and a passionate love for bitcoin. So, on the “magic date” 23. 12. 2021 the president bought 23 BTC – and, moreover, he was specially waiting for the time to be on the clock 20: 21: 21:

The head of the country believes that the cryptocurrency will help El Salvador to become the leader and ” will ignite the global bitcoin revolution “:

What has been called by international organizations as “The #Bitcoin Experiment”, is nothing more than the world watching how mass adoption changes in the 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 92, 2048

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