Who is Nayib Bukele? The ‘cool, millennial dictator’ whose Bitcoin push has plunged El Salvador into turmoil
The i says El Salvador’s self-styled “cool, millennial dictator” has plunged the country into an uncertain future after adopting bitcoin as official currency, experts say, with one of Latin America’s poorest nations in turmoil over the policy.
The country adopted bitcoin as a legally recognised form of payment just over two weeks ago, becoming the first country in the world to do so.
Critics say the decision by President Nayib Bukele is merely a distraction from his authoritarian rule, with some voicing concern about the currency’s frequent price fluctuations, which involve high levels of risk.
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