El Salvador President criticizes ‘legacy’ media outlets’ unfair coverage

El Salvador’s president Nayib Bukele criticized “legacy planetary quality outlets” for failing to screen his country’s repayment of its $800 cardinal enslaved indebtedness successful a Jan. 23 Twitter thread.

Bukele said that the outlets had extensively predicted that the South American state would default connected its debts due to the fact that of its “Bitcoin bet.”

He noted that immoderate of these firms wrote that his state mightiness person to onslaught a woody with the International Monetary Fund to marque its bond payments due to the fact that of its Bitcoin losses. Bukele added:

“[They were] creating the communicative that El Salvador was broke and going to default. I called them retired astatine the time, but of course, who was going to judge america and not each planetary quality outlet and their “economic geniuses”?”

But pursuing the state making the afloat $800 cardinal outgo with interests arsenic and erstwhile due, Bukele said that “almost cipher is covering the story.”

“[Legacy media outlets] prevarication and prevarication and lie, and erstwhile their lies are exposed, they spell connected soundlessness mode.”

El Salvador’s enslaved indebtedness repayment is coming connected the heels of an approval to merchantability BTC-backed bonds worthy $1 billion. The state plans to usage the funds to acquisition much BTC and physique a “Bitcoin City.”

Previously, El Salvador drew wide condemnation from planetary fiscal bodies implicit its determination to adopt the cryptocurrency arsenic a ineligible tender successful September 2021. Several experts predicted the state would conflict to repay debts due to the fact that of BTC’s volatility.

The station El Salvador President criticizes ‘legacy’ media outlets’ unfair coverage appeared archetypal connected CryptoSlate.