Twitter war of words: El Salvador's president vs. BoE
Last week I found that a mooer 'CryptoRuby' posted an interesting column about El Salvador's 'Bitcoin City'. Furthermore, El Salvador 'bought the dip' and purchased 100 extra bitcoins last Friday. ![]()
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Yesterday, Nayib Bukele, the president of El Salvador, replied to BoE's concern over El Salvador's 'Bitcoin City' as follows: ![]()
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Andrew Bailey, governor of the Bank of England, said El Salvador's decision to adopt Bitcoin as an official currency was concerning.
It concerns me that a country would choose it as its national currency."
—— Bailey said whilst speaking at the Cambridge University student union on Friday.
—— Bailey said whilst speaking at the Cambridge University student union on Friday.
What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have?”
He added, pointing out that the International Monetary Fund is not happy with the country's government for taking the decision. ![]()
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Nayib Bukele expressed his concern about 'BoE pringting money out of thin air' as well. ![]()
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Rivera : Well said President Bukele
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