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This is the president of El Salvador. He's using misleading 2021 growth percentages to pump up his argument, because 2021 came after 2020 was heavily hit by th
by belltaco 4y ago
This is the president of El Salvador.
He's using misleading 2021 growth percentages to pump up his argument, because 2021 came after 2020 was heavily hit by the pandemic. Better comparisons would be to 2019(even though temporary pent up demand still makes it look better) but you won't see him make that.
Also not sure GDP is a good metric, maybe the yearly govt budget? Still a relatively small number I suppose, but pegging your country's currency to the volatile btc price subject to even easier manipulation by the so called elite seems to be a bit much.
- Laaas 4y agoComparing it to the government's budget is probably much better (https://tradingeconomics.com/el-salvador/government-budget-value https://tradingeconomics.com/el-salvador/government-budget-v...), but it still doesn't seem _that_ big in comparison. I think it's safe to say the country isn't in shambles due to the Bitcoin experiment though.