In an interview with Peter McCormack on why Bitcoin was made a Legal tender in El Salvador, President Nayib Bukele stated it’s important to be ahead of the game and and that Satoshi Nakamoto invented something great and that “cheap coins” we knew years ago that were mined through laptops can now be mined with bigger machines and the mining capacity problem of Bitcoin can be solved by El Salvador. Nayib says it’s easier to predict the future of Bitcoin if you look at what is going on with bitcoin now and how no one has been able to bring it down.
President Nayib stated he is aware entrepreneurs are switching to Bitcoin because people are running away from the world’s monetary policy to Bitcoin and Bitcoin will be the money for now and for the future. Nayib also said he loves the attention Bitcoin has brought to his country and how Bitcoin has brought easier remittances and new Jobs to the people of El Salvador.
Full Interview Below: