El Salvador President Nayib Bukele Lashes Out at ‘Mainstream Media’ for Spreading Lies About the Country’s Bitcoin Investments

cryptonews.com:

El Salvador President Nayib Bukele has slammed "the mainstream media" over their attacks on the country's move to adopt Bitcoin as a legal tender. 

The statement came in a response to a recent tweet by Bloomberg that claimed Bukele's move to promote Bitcoin as a "solution to the country’s economic problems" has failed miserably.

"El Salvador’s bombastic president promoted Bitcoin as a solution to the country’s economic problems. One year in, it’s clear his “revolution” is failing," Bloomberg's official Twitter account said, while linking to an article published on November 4.

"This article is full of lies, which is standard for Bloomberg," Bukele responded. "But what is most surprising is how the mainstream media suddenly cares so much about El Salvador. Corrupt politicians plundered 37 billion dollars from our state coffers and they never wrote one single article."

In fact, some in the crypto community have pointed out that Bloomberg has been reposting the same tweet criticizing El Salvador and Nayib Bukele over the past couple of weeks. 

"It’s fine to write a negative opinion piece, but this repetition is pure propaganda," said Neil Jacobs, Host of the Bitcoin News Show. "I’m not buying that the people at Bloomberg, one of the largest publications in the world, have some bad social media dept. that accidentally posts this on repeat using the app SocialFlow."

Alex Gladstein, a crypto enthusiast and an essay writer at Bitcoin Magazine, claimed that other mainstream media do the same thing with articles that criticize Bitcoin and cryptocurrencies. "The NYT does this with most of its Bitcoin climate stories," he said. 

El Salvador became the first country in the world to adopt Bitcoin as a legal tender back in June 2021.