Professor at Johns Hopkins University: El Salvador's Bitcoin City Plan is a political protest against bad decision maker skepticism.

2021-11-27 21:16
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On November 27, Steve Hanke, an economist at Johns Hopkins University, recently tweeted that El Salvador's Bitcoin city plan was "outraged by the political deception of the deception" and "Why not? Nayib Bukele (President of El Salvador) focuses on what the Salvadoran population really needs, such as access to health care. “As part of its Bitcoin City financial plan, El Salvador plans to announce a billion dollar crypto-return deal by 2022. Half of the proceeds will be used to buy Bitcoin and the rest will be used for Bitcoin energy and mining infrastructure. Hanke also criticized the plans, saying, "This kind of casino money could put Bukele in trouble before the International Monetary Fund and the World Bank." (BeinCrypto).

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