As Bitcoin (BTC) moves closer to new ATH, Nayib Bukele recalls Hanke’s skepticism
- Who laughs last?
- Salvador’s Bitcoin (BTC) adoption gains momentum
Nayib Bukele, President of El Salvador and avid Bitcoin (BTC) supporter, responded to Steve Hanke’s tirade with a semi-ironic tweet.
Who laughs last?
Today, October 16, 2021, Nayib Bukele retweeted the opinion of Professor Steve Hanke of John Hopkins University, a prominent economist and reformer in emerging market nation states.
You were saying? https://t.co/NkW4tPt1vv
– Nayib Bukele (@nayibbukele) October 15, 2021
On September 23, as Bitcoin (BTC) struggled to maintain above $ 40,000, Professor Hanke said Bukele’s decision to buy an additional 150 Bitcoins (BTC) “bottomed out.” was a bet on the wrong horse.
He also shared the view that, under Bukele’s leadership, El Salvador’s economy and financial security are in jeopardy.
Now, when the price of Bitcoin (BTC) rose 55% since Professor Hanke’s tweet, Mr Bukele recalled that statement.
Salvador’s Bitcoin (BTC) adoption gains momentum
As covered by U.Today previously, Professor Steve Hanke is well known for his adamant anti-Bitcoin stance. In particular, he frequently criticizes El Salvador’s “love affair” with the king of cryptography.
Since El Salvador became the first country to recognize Bitcoin (BTC) as legal tender, its authorities have launched several eccentric pro-Bitcoin initiatives.
To name a few, El Salvador has started implementing “volcanic mining” for the first crypto. Additionally, Bitcoin (BTC) will be used to finance the construction of a veterinary hospital in El Salvador.