‘The Bitcoin Experiment’ is game over for fiat currencies, said Nayib Bukele, who has been criticized for his acceptance of the world’s biggest cryptocurrency. Furthermore, the President of El Salvador took to Twitter to show that he believed in the supremacy of BTC and its future potential.
Bukele said in his tweet:
“What has been called by international organizations “The Bitcoin Experiment” is nothing more than the world watching how mass adoption changes a 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.”
He retorted to the speculations of the critics of El Salvador’s BTC adoption, who called it the Bitcoin experiment’ saying that it is not possible for fiat to stand a chance against BTC in the near future.
Bitcoin thriving El Salvador’s economy?
Nayib Bukele said that El Salvador’s economy would thrive with the adoption of Bitcoin and the inclusion of BTC mining with the help of renewable energy. Furthermore, he also said that El Salvador would be the country that sparked the Bitcoin revolution.
El Salvador has been actively using Bitcoin to gain strength as recently; the President announced to open 20 schools in the nation which will focus on cryptocurrencies as well via the Bitcoin profits that the country’s treasury is making.
Furthermore, the country has been accumulating Bitcoin under the leadership of President Bukele, buying 21 more BTC on December 21. Furthermore, when BTC dipped below $50,000 in early December, El Salvador also bought 150 more coins.
The President is planning to build the first Bitcoin city in El Salvador, which will be a safe haven for all the believers in the cryptocurrency industry. On the other hand, BTC shot above $50,000 but hasn’t been able to keep the prices above that level.