Anti-Bitcoin Actions Took Place in El Salvador

Anti-Bitcoin actions took place in El Salvador. An anti-Bitcoin group gathered in the streets in the of the country.

According to local media reports, a group gathered in San Salvador, the capital of the country, took to the streets with banners that read "No to Bitcoin". Activists demanded the revision of the draft law, which was approved in June, and demanded that draft laws be prepared for the country's more important problems. The actions were organized by a group called the Popular Revolt and Resistance Bloc, which made up the majority of the left factions. The group marched into parliament and was greeted by two Salvadoran lawmakers. The popular Revolt and Resistance Bloc conveyed its views on Bitcoin law to proxies. The mourning was described as “unconsulted, deceptive and evil.” In addition, it was explained that President Nayip Bukele did not do enough technical work and did not take the opinions of the public on the subject. Activists did not pass without mentioning the volatility of Bitcoin. Activists, who said that a person who converts $ 100 to Bitcoin, can have his money halved the next day, suggested that this is no different from playing the mandatory lotto. In addition, the possible negative effects of the implementation of the law were discussed. For this purpose, the tools created to easily convert Bitcoin and dollar into each other were discussed. As it will be remembered, El Salvador will distribute $30 worth of Bitcoin to its citizens. It was criticized that this airdrop process and lack of infrastructure would be costly. Cryptocurrency supporters also criticized the demonstrations in El Salvador on Twitter. In addition to being effective in ensuring personal freedom, Bitcoin was among the views as an alternative to the other legal unit of the country, the dollar.