President Nayib Bukele has reaffirmed El Salvador’s commitment to investing in Bitcoin, despite criticism from various sectors of society.
In a strong statement shared on his social network, Bukele dismissed claims that the government’s Bitcoin strategy would end, referencing past predictions that it would stop in April, June, or December. “No, it’s not stopping. If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining,” he wrote.
El Salvador became the first country in the world to adopt Bitcoin as legal tender in 2021 and has continued its pro-Bitcoin policies despite market fluctuations and global skepticism. The government maintains that its Bitcoin strategy will drive economic growth and financial inclusion, reinforcing the nation’s position as a pioneer in cryptocurrency adoption.