#BTCSoarsTo68K #BNBRisesTo600 #ElSalvadors
How Bitcoin Lover Prez Nayib Bukele Crushed 70,000 Gangsters and Rose El Salvador GDP by 3.5%
President Nayib Bukele of El Salvador has become a global sensation for his unconventional approach to governance, especially when it comes to combating organized crime and reviving his nationâs economy with cryptocurrencies. In less than five years of his tenure, 43-year-old Prez Bukele has crushed drug cartels and organized criminal gangs plaguing his country and also promoted Bitcoin as a parallel economy structure.
In a recent addressal, Bukele mentioned how he was warned by advisors that his style of treating criminals with iron fist can have negative repercussions on the countryâs economy. Bukele added that the intellectual theory that âcriminals also have a family to feedâ isnât practical and the only way to treat criminals is to remove them from the society.
Bukele claimed that he was told that if he removed this underground economy abruptly, the countryâs legal economy wouldnât fill the gap fast enough, leading to economic collapse.
Bukele, however, rejected these theories, asserting that allowing crime to persist would mean losing the âwar of incentives.â
He illustrated the struggles a young Salvadoran facesâchoosing between low-paying, grueling work, such as selling tomatoes in the market or joining a gang for easy money. Without addressing this disparity, the youth would inevitably gravitate towards crime.$SCR