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El Salvador Discovers $3 Trillion Gold — Will It All Go Into #Bitcoin? 👀 $BTC
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The Bukele administration's new stance on Bitcoin adoption in El Salvador is leaving some in the crypto community disillusioned. 🇸🇻💔 Andreas Kohl (@aejkohl), a bitcoiner who moved to the country three years ago, has announced his departure, citing unmet promises as the main reason. In a heartfelt social media thread, Kohl praised President Nayib Bukele for improving personal security but expressed disappointment over unfulfilled commitments like Bitcoin as legal tender, Bitcoin bonds, and Bitcoin City. Kohl noted that the government has ignored proposals from builders while favoring influencers who only promote a positive narrative. He’s not alone; John Dennehy (@jdennehy_writes), founder of Mi Primer Bitcoin, shares similar sentiments but remains committed to the work being done on the ground. As El Salvador navigates its $1.4 billion deal with the IMF, the future of its Bitcoin reputation hangs in the balance. What are your thoughts on this situation? Let us know! 💬
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