It's over, El Salvador is finished

>in El Salvador people cheering in the street and week long celebrations for his genius economic manuvours that made every citizen a richer overnight
>In western media El salvador is hurting bad we goto put boots on the ground and steal their children.
really activates the almonds.

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El Salvador defaulting, isnt like any other day there? lmao

>El Salvador before BTC
>a shithole
>El Salvador after BTC
>a shithole with more debt

Seems odd, he literally mines BTC with a fucking volcano and he bought the dips around 20k last time. there is no way he is in the red

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They're gonna be filthy rich in a couple of decades. Good on them.

Pilot projects are just small experiments, they don't actually have the volcano shit worked out yet.

So this is why he took all that bitcoin shit off his twitter today

it's still there

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El Salvador would be doing great if their president didn't only buy the tops. Any country that would have started this a year or two ago would not be experiencing a recession.

Watch as the IMF will roll out and be all like
>look guys, we need financial stability in crypto

ah, I got bamboozled!

Why didn't this moron settle for mining alone? Why did he decide it's best to actually invest state funds and buy le dip?

Because El Salvador had such a great, stable economy before crypto.
Fucking morons I swear.

The burgers are almost definitely plotting with some of his political rivals and the army to launch a coup. They won't let some third world dictator compromise the USD

Can't wait for the bukakele market dump

BTC is going to 20k or less. They can cheer now, but they'll look like fools later. With the global food shortage and supply chain issues, a lot of them could starve to death before the next bull run.

i do know when they’re forced to sell it will be the absolute bottom before the sun to six figures, poo countries always lose

>The country now faces greater loss and a looming default, jewberg says.
Yeah right, whereas the US is not fearing a dollar implosion every single walking minute as they repeatedly try force the narrative that chinks and russians are the enemy, that more and more people are being made aware of things like inflation, that the EU and euro are collapsing as we speak etc. Why do you think countries like El Salvador are buying/hoarding BTC instead of gold, being the first-hand bagholders getting the short end of the stick with this joke of a financial system?

Think hard about the physical and financial limitations behind storing gold, the precedent in loss of trust in foreign USD reserves the US set by sanctioning Russia and the fact that El Salvador lacks the resources to directly stack/own the gold they might wanna purchase - how suddenly it makes sense for a Nation to instead accumulate BTC as much as possible to solve all of these problems, to get rid of the declining USD, to solve the scalability/accessibility issue of gold, and true ownership of their asset. Things may look dire now, but in 5-10 years tops the countries following Nayib's example will actually be in a miles better position than any nation dicksucking the US.

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Will el salvador default bitcorn?