El Salvador Aims for Zero Debt with Bitcoin: Central Banks Will Be History!

Max Keiser, the popular name of the cryptocurrency market, announced El Salvador's remarkable Bitcoin plans.

In his X post dated June 2, Max Keiser included the Bitcoin plans of Nayib Bukele, who was elected President of El Salvador for the second time. Keizer stated that the country wants to run its own nodes by mining Bitcoin.

He stated that the country will meet 10% of the global Bitcoin hash rate by using geothermal and volcano energy.

However, all social and democratic decisions of the country will gradually be voted on through the Bitcoin network. President Bukele will present his projects to the public, and the public will finance the projects they like through crowdfunding.

Stating that the country will solve all its debt problems and become a debt-free country thanks to Bitcoin investment, Keiser claimed that the central bank and the IMF will soon become dysfunctional.

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