The Laser Eyes that have become a signature MEME of crypto enthusiasts are gone from El Salvador President Nayib Bukele’s Twitter profile—a likely acknowledgement of Bitcoin’s recent price slump. The image-conscious leader is wrestling with his country’s massive Bitcoin investment as he tweets about Bitcoin’s future value, hosts global conferences on cryptocurrency, and tries to stave off the International Monetary Fund’s entreaties against his pro-Bitcoin stances.
But he should also take a hard look at his own government’s increasingly authoritarian monetary policy as the root cause of his problems, not the volatile digital asset’s recent price slump. His best move would be to open the country’s monetary policy completely to all crypto and allow competition to thrive.
Read Full Article »
