The Bitcoin Standard' Author to Advise El Salvador on Economic Strategy
Saifedean Ammous, a prominent economist and author of "The Bitcoin Standard," has been appointed as an economic advisor to El Salvador's National Bitcoin Office (ONBTC).
In a Tuesday Twitter thread, the ONBTC revealed that Ammous is joining the division as an economic advisor, providing advice to the President and the ONBTC as the country continues to embrace cryptocurrency.
Ammous was in El Salvador participating in CUBO+, a development program for Salvadorans interested in learning the code behind Bitcoin and Lightning Network.
Afterward, he met with President Nayib Bukele and "shared his thoughts on the remarkable benefits of the policy of economic liberty," the ONBTC said.
"As an Austrian economist, best selling author & well known bitcoiner Saifedean will make a great addition to President Bukele's bitcoin team which includes Max Keiser and Stacy Herbert. He will advise on matters related to various economic policies."
Ammous will not be receiving payment for his advisory role.
The announcement comes after Ammous expressed confidence in El Salvador's Bitcoin strategy in a recent interview with a local newspaper, stating that the country has the potential to become a hub of innovation.
He also praised President Nayib Bukele's zero-tax policy for technological companies, which has made the country attractive to investors.
The Bitcoin guru claimed he’s confident about the “possibility that El Salvador will be free from debt in five to ten years.” He also said the country has a “large potential to be a hub of innovation.”
El Salvador's National Bitcoin Office was created by President Nayib Bukele in late 2022 in conjunction with known Bitcoiners Stacy Herbert and Max Keiser.
Through El Salvador's Decree n.49, the ONBTC
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