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Bitcoin News

Why are Bitcoin (BTC) Fans looking at El Salvador and Bank of America Statements?

bitcoin

Community Trust ScoreLikely Real

79%
Real
Likely Real28 votes
Updated 5 years ago

Nayib Bukele pointed to the Bank of America statement, “We recently revised up our GDP growth forecasts for 2021, to 12% (from 6%). Thus, 2021 will likely feature the highest growth rate in El Salvador’s history, at least compared to the available data (1980-present), surpassing the 7% observed in 1992”.

A respondent from Africa stated: This is a massive and humbling lesson for my continent – Africa. Elect progressive, young, and well-educated people, have them develop ideas that are “country-first” like Bitcoin adoption, and most importantly, ignore and reject the populists. You are doing amazing work.

Those who agree with the idea of BTC state that this is an excellent way of how to run a country. Many are cheering while stating that El Salvador deserves all the success in the world.

Bank of America’s analysis about El Salvador states, “We believe that the assertiveness with which the Bukele administration conducts its policies could be an asset – not a liability – for the economy.”

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People are wishing good for Nayib.

The community responded in different ways:  If you are going to make a decision, total commitment is key. You’ve demonstrated that you are willing to walk the walk and not just talk. I wish you and El Salvador all the best and hope this bet on Bitcoin pays off big for you and your country.

One of them responded, stating all these changes are possible because Nayib became the President of EL SALVADOR; otherwise, this news would not be possible.  President Bukele is looking out for what’s in the best interest of the country. From the Pandemic all the way to the economy and in between. He has shown the country and the world that he is a good leader!

The important asset of a country is its people.  Several thousands of Bitcoin ‘fans’ are looking at El Salvador.  They hope and believe that the new law will bring a positive effect to the people of El Salvador. It is important for a leader to stay honest and try the best for the people; the world is watching the anti-corruption, fiscal, and drug politics.

President Nayib Bukele impresses his people with his actions every day, and it is very clear that he is aware of the concerns of the people. As a result, approximately 98% of his people have confidence in his government, and they are determined to flourish under his presidency.

Many feel, money laundering should be the last of the concerns over Bitcoin Law implementation. The most significant money laundering (tax evasion) occurs in US$ anywhere; law-abiding citizens should not have to bear the burden for the criminal activities of the lawless. They are making this a political issue.

The people of El Salvador simply love him for his overall attitude towards BTC and the consecutive results.

 

 

 

 

 

Community Trust IndexHigh Confidence
79%
Real
Real79%21%Fake
28 community signals

James Thorp

James Thorp is a passionate crypto journalist from South Africa specializing in Litecoin, Dash, and emerging digital assets. With years of experience covering the crypto markets, James delivers in-depth analysis and breaking news on altcoins, blockchain adoption, and decentralized payment networks for The Currency Analytics.

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