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President of El Salvador Nayib Bukeke updates profile picture to McDonalds. No matter what happens to the price, don't lose your sense of humor

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President of El Salvador Nayib Bukeke updates profile picture to McDonalds. No matter what happens to the price, don't lose your sense of humor

Nayib Bukeke has been catching flak from all sides as many have questioned his decisions to buy Bitcoin. He recently bought the dip.

However as the dip dipped, he has changed his profile picture.

Atleast he is owning it. Though some will say its not his money, its his country's money, but a lot of El Salvador's economy now depends on Bitcoin - from volcano mining, and now their bitcoin bonds that are going to be issued for raising funds after El Salvador showed the finger to IMF.

Some people take hard and painful decisions in these times, that can cause pain to family and friends. Its worth remembering that money is not everything.

If you have lost an obscene amount of unrealised gains, its best to make peace with it than to keep beating yourself up over it.

Edit: LOL so many people embarrassing themselves and crying in comments. Looks like after this crash, a sense of humor is out of their budget

Edit 2: The hot takes here from a lot of trolls coming in from other subs like r/technology are ridiculous. Let El Salvador/Bukele do what he wants to do, give him the time to decide if the experiment has failed or not. If it fails, so be it. I mean thousands of government policies have failed.

He isnt buying BTC to get rich over night. Its a long term policy decision for him. While you claim he is wasting tax payer money, he is actually putting his reputation on the chopping block here, which is more than anything you can claim. If his economy collapses, its gonna be him on the opposite end of a coup or worse. That country is no stranger to presidents being overthrown in violence.

All the big brains here concerned about El Salvador's economy imploding all of a sudden, where were all of you 3 years ago when the nation was just the same, warn torn and filled with cartels? You didnt care then when the past presidents over ran the country with gang violence? Oh yeah, you didnt even know the country existed. Now that they are trying something new with BTC, it suddenly hurts your feelings so much.

El Salvador have already started mining BTC from volcano energy that was being wasted, it represents a completely new income stream in a country that mainly depends only on tourism and remittances. Many reports already suggest the locals are able to save middle men fees by using BTC, while kicking out predators like Western Union. He has kicked IMF out, American media will do everything to portray him in a bad light and all you will parrot what you read in the media. Where were you guys when US Fed doubled the supply of USD in 1 year, printing relentlessly while other countries that depended on USD had no way to print any USD and had to bear the brunt of rampant inflation as they were hopelessly tied to USD? Of course, you never bothered to find out the reality of whats going on in other countries that used USD, while the Fed inflated it away. Now that he is trying something new to pivot away from BTC, and its not even been a year into a long term project, but you are ready to pass your judgements.

Just a standard bunch of hypocrites. Nothing to see

submitted by /u/Set1Less
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