Controversial Salvadorian president Nayib Bukele has taken a swipe at the Bank of England and mocked the ຫຼຸດລົງ price of the pound, less than a year after the institution questioned El Salvador’s adoption of bitcoin as legal tender.
Earlier this week, Bukele simply tweeted “Told you so,” a follow-up to an earlier message from November 2021 in which he said he was concerned about the Bank of England “printing money out of thin air.”
This original message was itself a response to ຄໍາເຫັນ from Bank of England chief, Andrew Bailey, who said he was concerned about El Salvador’s bitcoin adoption because users might not be prepared for just how volatile its price could be.
“It concerns me that a country would choose it as its national currency,” Bailey said. “What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have.
He added, “There is a strong case for digital currencies, but in our view it has to be stable, particularly if it’s being used for payments. That is not true for crypto assets.”
However, it appears, for the moment at least, that Bukele is having the last laugh as it’s the UK’s currency that’s currently tanking, falling to ປະຫວັດສາດ lows in the wake of prime minister Liz Truss’s sweeping tax cuts.
Source: https://protos.com/told-you-so-crypto-loving-bukele-rips-boe-over-struggling-pound/