El Salvador: ‘Bitcoin Standard’ Author Joins Bukele’s Office

Author of “Bitcoin Standard” is the next addition to El Salvador’s Bitcoin Office, leading the way in global adoption.

Nayib Bukele extracting knowledge from the large brains he is surrounded by.
Created by Gabor Kovacs from DailyCoin
  • Dr. Saifedean Ammous joins El Salvador’s Bitcoin office.
  • Earlier this month, Nayib Bukele erased technology taxes.
  • Dr. Ammous claims El Salvador will get rid of debt in five years.

Dr. Saifedean Ammous is the famed author of the best-selling book about cryptography and the benefits Bitcoin brings to society, “The Bitcoin Standard: The Decentralized Alternative to Central Banking,” first published on April 24th, 2018.

Having written one of the fundamental books about cryptocurrency, Dr. Ammous felt honored to join El Salvador’s National Bitcoin Office as Economic Advisor. The Bitcoin Office has already lined up quite a few celebrities, including the famed Bitcoin Maxi Max Keiser and his wife, Stacy Herbert.

El Salvador’s on a Mission to Erase All Debt

El Salvador’s brave Bitcoin journey was widely targeted by the mainstream media last year when the prolonged crypto winter took its toll on the leading crypto asset’s market value. However, Dr. Ammous told the local newspapers that BTC “gives you the opportunity to have a strong asset that doesn’t depreciate over the years.”


Indeed, the newly-bred Economic Advisor sees Bitcoin as a life vest against debt if the Latin American country accumulates Bitcoin over the next five years. Currently, El Salvador applies Dollar Cost Average (DCA) tactics to acquire one Bitcoin daily, making the government $800 million in profit.

Ultimately, El Salvador has proven that mass media outlets were biased for most of 2022, attempting to portray its BTC journey in the most negative light possible. Pro-Bitcoin President Nayib Bukele penned an op-ed piece titled “Stop Drinking The Elite’s Kool-Aid,” explaining the motive behind denouncing El Salvador’s achievements.

On the Flipside

  • From a financial perspective, Nayib Bukele’s Bitcoin portfolio is still down by $40 million.
  • However, making BTC legal tender helped El Salvador tackle the most critical social issues.
  • In one year, the country’s homicide pandemic ended, sparking tourism and foreign investor interest.

Why This Matters

El Salvador is the first country to declare Bitcoin as a legal cash currency.


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Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.