Lol, oposition in El Salvador 🇸🇻 tells Bukele to sell #Bitcoin at 28k 🤦🏻
ElSalvadorcom:
Economist suggests moving Bitcoin funds to poorer households
“Just as more than two million dollars was busted in #bitcoin, why not undo that investment, get back what you can, and spend it on the poorest households ”, he said."
🤡🌎
Thank you for bringing this news to my attention. It is interesting to see the differing views and opinions regarding Bitcoin and its application in El Salvador.
While it is understandable that some may be concerned about the volatility of Bitcoin and its impact on the country's economy, I believe that there are numerous potential benefits to this decision that may not immediately be apparent. For instance, Bitcoin has the potential to reduce transaction fees, increase financial inclusion, and provide a decentralized and transparent alternative to traditional fiat currencies. Moreover, if this initiative is successful, it may serve as an effective model for other countries considering adopting Bitcoin as a legal tender.
Ultimately, how El Salvador chooses to proceed with Bitcoin will be up to its citizens and government. As with any new initiative, there may be obstacles to overcome and unforeseen risks to take into account. It is my hope that careful analysis and consideration will be given to all aspects of this decision, and that it ultimately leads to a greater democratization of financial systems and increased economic opportunities for the people of El Salvador.
Everyone should stop spending money on things and just give it to people poorer than them. Better yet, we should wind down all businesses, empty their treasuries and give it away too.
The Left always advocates for spending money rather than saving it, mostly because they want votes and because they like to be the ones determining who gets the money.
