President El Salvador mocks the Bank of England After being warned about Bitcoin – Siam Blockchain

The Bank of England doesn’t seem to like it. bitcoin Or its increased adoption in a country like El Salvador, Bank of England Governor Andrew Bailey has repeatedly voiced his “worried”, but this time El Salvador’s President Nayib Bukele. came out to respond for the first time

BOE ‘Concerns’ about El Salvador and Bitcoin

Since the small Central American country finalized its plans to legalize bitcoin in June 2021, many global financial organizations have tried to warn the country against doing so. Led by BTC critic Andrew Bailey, it is the bank with the loudest voice.

They have come out very frequently that El Salvador should only use fiat money. The latest such trailer happened earlier this week. Shortly after the country’s leader, President Nayib Bukele, announced plans to build a Bitcoin city.

As reported by Bloomberg So, Bailey has said the same thing about Bitcoin: its price volatility.

“It worries me that a country will choose its national currency. What worries me the most is Do citizens of El Salvador understand the nature and volatility of their currency?”

Bukele replied

Although it’s only been a few months since El Salvador legalized the use of BTC as an experiment, it looks like it’s taking the country in a better direction, with Bukele or his management team always coming out to update the situation. see each other often

For example, El Salvador uses such volatility. especially when the price goes down. to collect more coins And use the profits when prices increase to plan a new pet hospital or school.

Referring to Bailey’s recent comments, President Bukele responded with what appeared to be aridicule especially about the “real” concerns the BOE has on the people of El Salvador.

“Is the Bank of England worried about El Salvador’s Bitcoin adoption? Really?

I guess Bank of England’s interest in the well-being of our people is real, isn’t it?

I mean, they always care about our people.

I love British banks.”

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