El Salvador president posts meme wearing McDonald’s uniform after crypto plunge

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El Salvador’s crypto-enthusiast president appears to be taking the recent steep drop in bitcoin in stride: After all, if running a country doesn’t work out, there’s always McDonal…

who don’t have access to traditional financial services.

Residents were encouraged to use bitcoin to pay taxes, buy homes, and purchase goods and services with the digital asset.at the base of a volcano, where it will deploy geothermal energy to power bitcoin mining. Under Bukele’s leadership, El Salvador has amassed a bitcoin portfolio totaling more than 1,500 digital coins — which is worth around $53 million in US dollars.APBut analysts aren’t so bullish on Bukele’s gamble. The ratings agency Moody’s toldThe country’s burgeoning bitcoin portfolio could hamper its ability to repay lenders, according to Moody’s.

 

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What fate awaits nations when leaders play around.

Bukele isn’t the hero we deserve, but he’s the hero we need.

66 million is literally a joke to any government on the planet. Just like how 1 billion in BTC was a joke for elonmusk

Wow that guy lost a lot of money

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