Quote from: HelliumZ on June 08, 2025, 11:42:53 PM

Quote from: Riceandbean on June 08, 2025, 05:39:10 PM

Bukele’s not flawless, sure, but he’s taken some bold moves. I have a feeling that in the long run, history might judge him a lot more favorably than people do right now.

What the President of El Salvador is doing may be against the people of that country and the IMF at the moment, but it has a positive impact in the long run. Perhaps El Salvador will realize the importance of this far-reaching plan when its holdings of Bitcoin play a huge role in Salvador's economic growth.

As of today, El Salvador holds around 6200BTC worth $650 million, which is a huge amount but for a country's economy, it is nothing and will not help much.

Not to mention, their economy is in a difficult period with high public debt and risk of default. If bitcoin could help their economy then this would be the best time but as we have seen it hardly helps them and they are forced to borrow money from IMF.

If we want to improve the economy, we need to have the right economic policies, promote increased investment in infrastructure, attract investment and create more jobs. National economies are not like individuals or organizations, so it would be a mistake to focus on just one investment and think it will save them.