Quote from: hatshepsut93 on Today at 07:54:51 PM

I imagine if were to enter a 2 year long bear market now, Nayib Bukele would be seriously screwed politically, as he'll have a lot of explaining to do to angry citizens as the government sits on a loss with their big investment while their economy is doing very poorly. Plus he seem to have bad relations with the US and IMF, so who would bail him out in the worst scenario?

Bitcoin is quite likely to go above $100,000 at some point in the future, but will Bukele still be a president when it will happen?

There is a big possibility that any draw back in the nations' bitcoin agenda could affect the president politically, but he seems to be going all in with it as well as the proposed plan to build a bitcoin city; If that works and investors actually purchase their bitcoin bonds, they would satisfy the citizens irrespective of the market condition and also position the nation should bitcoin become more pivotal in global finance. The best of politicians (for the people) are those who do not try to play politics.

I do not follow the El Salvador news closely and a lot of the interest could just be PR, but it could benefit the bitcoin network and the citizens particularly.