Stacy Herbert responded to Bloomberg for their article titled El Salvador’s $300 Million Bitcoin Revolution Is Failing Miserably.
Bloomberg points out that President Nayib Bukele tied his country's fortune to the digital token, but there are not many signs of it. Easier to find: mass arrests and soldiers with machine guns.
Behind the debacle was a small group of evangelists from richer countries: CEOs of startups, influencers, con artists. They enlisted an entire country in a publicity stunt and cheered for Bukele even as he ordered mass arrests and packed the Supreme Court, which subsequently ruled that he could run for re-election despite the constitutional bar. Salvadorans are still dealing with the consequences.
Stacy Bitcoin
Bitcoin Bloomberg
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