El Salvador’s GDP Soars By Double Digits For The First Time In Its History

[NFT_QUEEN]

El Salvador’s GDP Soars By Double Digits For The First Time In Its History – President Bukele Goes Even Harder On Bitcoin

 

• El Salvador’s GDP grew by over 10% in 2021 which is a first for the small country.
• The President thinks the country is on course to break an even bigger milestone in 2022.
• A combination of shrewd economic policies and daring leaps like the Bitcoin adoption may account for the reversal of fortunes.

 

The data is in and El Salvador’s president is beaming ear to ear as his Bitcoin venture has earned impressive results. For the first time in the country’s history, the gross domestic product hit double digits to the bewilderment of critics.

 

https://zycrypto.com/el-salvadors-gdp-soars-by-double-digits-for-the-first-time-in-its-history-president-bukele-goes-even-harder-on-bitcoin/

 

[boo_star]

The GDP of a country has nothing to do with its currency, especially not here.  GDP is based on fiat currency, not make-believe crypto, so any gains due to Bitcoin gaining or losing value have no effect on the GDP of a country.

 

El Salvador is still a third world banana republic, even more so because of Bitcoin.

Edited February 24, 2022 by boo_star