Sick to see Bukele fan in here.

It's been some days i read circle post praising the decision of the president Bukele to buy Bitcoin, and i am sick of it.

First of all, Bukele is a dictator who has been using institution to concentrate all power in his own hand : https://www.economist.com/the-americas/2020/05/07/nayib-bukeles-power-grab-in-el-salvador
https://www.nytimes.com/2021/11/23/world/americas/el-salvador-bukele-raids.html

He uses the powers he has concentrated to enrich himself on the backs of Salvadorans. The economic policy that he leads in his country is disconnected from reality and is certainly a vast scam for his own enrichment.

Then, 41.6% of the population lives below the poverty line, the country has a Gini coefficient of 0.47. His repeated purchases of bitcoin in a country with limited resources risks plunging the economy into an even worse state than it already is.

Finally, we are not talking about an individual investing his money in a risky way, we are talking about a leader betting his country's economy (in short the wealth of his population) in something risky and very volatile.

He is most certainly plunging his country into an unprecedented economic crisis: https://fortune.com/2022/01/19/el-salvador-bitcoin-economy-distressed-debt/

His actions will have real consequences if the country goes into an economic crisis. Unemployment, suicide, poverty and its consequences.

So please stop throwing flowers at this guy.

Bitcoin was created by crytpo-anarchists who abhor this kind of person. Let's not forget that and let's not glorify dictators who want to use Bitcoin to get rich on the backs of their people.