Dr. Saifedean Ammous, author of an explanatory book on Bitcoin (BTC) called The Bitcoin Standardhas been appointed economic adviser to the National Bitcoin Office of El Salvador.
On May 30, the Office announced that the Austrian economist had joined the team as its adviser on matters related to various economic policies.
Dr. Ammous's now famous book was first published in April 2018. It looks at the transition from solid stores of value to inflated assets and fiat currencies, traces the history of money, and aims to show how civilizations have changed over their centuries. monetary systems.
Regarding the new position, he tweeted on May 30 that he was "excited" to be working in the office in "the first country to adopt a Bitcoin standard."
When the author of Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen.
We are excited to announce that @saifedean joins us as Economic Advisor to the National Bitcoin Office of El Salvador.
Welcome to the winning team, Dr. Ammous! pic.twitter.com/LyIljvKvtz
— The Bitcoin Office (@bitcoinofficesv) May 30, 2023
Speaking to local news outlet Diario El Salvador on May 30, Ammous saying"What makes Bitcoin unique is that it gives you the opportunity to have a solid asset that doesn't depreciate over the years."
“If you have money that depreciates over time, there is no point in saving and it makes sense to borrow”, he added.
“If he continues to accumulate Bitcoin over the next five years, there is a good chance that El Salvador will be debt free.”
The National Bitcoin Office (ONBTC) reported that Dr. Ammous recently traveled to El Salvador to give a lecture to students of CUBO+, a Bitcoin and Lightning Network developer program to teach locals the code and concepts.
He also met with President Nayib Bukele and shared his thoughts on the "remarkable benefits of the economic freedom policy."
ONBTC stated that Dr. Ammous refused any remuneration for the role and was only interested in supporting President Bukele's Bitcoin Policy.
The National Bitcoin Office of El Salvador was created in November 2022 by Bukele to manage everything related to cryptocurrencies.
Related: Strike moves world headquarters to El Salvador, expands to 65 countries
American broadcaster Max Keizer and TV presenter Stacy Herbert are also part of Bukele's Bitcoin team, in addition to the newly appointed professor.
Max Keiser commented that The Bitcoin Standard “Millions of 'Orange Pilled,' including [MicroStrategy founder Michael Saylor] and many corporate and financial heavyweights who continue to add Bitcoin to their coffers on a daily basis.”
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