Nayib Bukele: FTX is the opposite of Bitcoin

The president of El Salvador has joined in giving his opinion on the FTX exchange debacle.

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Few hours ago, the president of El Salvador, Nayib Bukele, launched on Twitter his opinion on the FTX case, making a comparison between the collapsed exchange platform and the electronic cash network Bitcoin.

For the president, “FTX is the opposite of Bitcoin” since this protocol “was created precisely to prevent Ponzi schemes, bank runs, the likes of Enron, WorldCom, the Bernie Madoffs, the Sam Bankman-Friedโ€ฆ”.

With this he makes a clear allusion to historical financial catastrophes, their involved and includes the creator of FTX as one more of these cases.

He adds that this technology also avoids “bailouts and reallocations of wealth”, something that Satoshi Nakamoto himself, creator of Bitcoin, referred to in the first group of transactions of this network, the genesis block, by anchoring as metadata the message “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”.

This message refers to a headline published that day in The Times of the United Kingdom, translated as “Chancellor on brink of second bailout for banks”.

Likewise, Bukele, who achieved the legalization of this digital currency in his country, says that Bitcoin, launched as a network in January 2009, “Some understand it, others still don’t. We are still early. We are still early.” And he ends his message with “๐ŸŒŽ/21m” pointing to the scheduled shortage of 21 million coins, which would be divided among all the inhabitants of the world.

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