‘The Bitcoin Standard’ Author Becomes Economic Adviser To El Salvador

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Dr. Saifedeen Amos, author of a commentary on Bitcoin (BTC). bitcoin standardhas been appointed as an economic advisor to the El Salvador National Bitcoin Office.

The bureau announced on May 30 that an Austrian economist had joined the team as an advisor on various economic policies.

Dr. Amoth’s now-famous book was first published in April 2018. Analyzing the transition from a secure store of value to inflated assets and fiat currency, the book aims to trace the history of money and show how civilization has changed along with the monetary system.

Regarding his new position, he said, tweeted On May 30, he said he was “thrilled” to work in an office in “the first country to adopt the Bitcoin standard.”

Great things should happen when the creators of the Bitcoin standard meet the leaders of Bitcoin country.

I am pleased to announce this @saifedean joins us as Economic Advisor to the El Salvador National Bitcoin Office.

Welcome to the winning team, Dr. Amos! pic.twitter.com/LyIljvKvtz

— Bitcoin Office (@bitcoinofficesv) May 30, 2023

Ammous speaking to local media Diario El Salvador on May 30 Said“What makes Bitcoin unique is that it gives you the opportunity to own a powerful asset whose value does not diminish over the years.”

“If you have money that depreciates over time, it makes sense to borrow instead of saving,” he added.

“If we keep accumulating bitcoins for the next five years, it is quite possible that El Salvador will be debt free.”

The National Bitcoin Office (ONBTC) reports that Dr. Ammous recently traveled to El Salvador to lecture students in CUBO+, a Bitcoin and Lightning Network developer program to teach code and concepts to local residents. .

He also met with President Naib Bukre to share his thoughts on the “outstanding advantages of economic liberty policies.”

ONBTC said Dr. Amos refused to be paid for the role and was only interested in helping. Bitcoin policy of President Bukele.

The National Bitcoin Office of El Salvador was established by Bukele in November 2022 to manage all things crypto-related.

In addition to the recently appointed professor, American broadcaster Max Kaiser and TV host Stacey Herbert are also part of Bukele’s Bitcoin team.

Max Kaiser commented or bitcoin standard “Millions of ‘orange pills’, [MicroStrategy founder Michael Saylor] And many companies and financial heavyweights who keep adding bitcoins to their vaults every day. ”

Magazine: What it’s really like to use Bitcoin in El Salvador