Poor El Salvador
I had been wondering what would happen to those poor people.
Their elected leader, Nayib Bukele, decided he’d become a big hero by throwing in the lot of their economy with Bitcoin.
“We will have no income tax, forever. No income tax, zero property tax, no procurement tax, zero city tax, and zero CO2 emissions,” he said in a statement in November.
El Salvador's bonds Sell for 40 Cents on the Dollar, What About Bitcoin City?
How Beautifully? El Salvador has models. President Nayib Bukele tried to sell bonds backed by Bitcoin but there were no…