The media has a tendency to focus on negative stories, and El Salvador has certainly had its fair share of negative coverage in recent years while at the same time being threatened by IMF in so many ways. Ever since El Salvador adopted Bitcoin as legal tender FUD never ceased to stop pouring over the poor country and its president.
In the past year, almost every legacy international news outlet said that because of our “#Bitcoin bet”, El Salvador was going to default on its debt by January 2023 (since we had an 800 million dollar bond maturing today).
Well, we just paid in full, 800 million dollars plus interest.
But of course, almost nobody is covering the story.
I just found one, yes ONE, in spanish, from Colombia https://semana.com/confidenciales/articulo/nayib-bukele-cumplio-el-salvador-pago-el-bono-que-se-vencia-en-el-2023/202311/
They lie and lie and lie, and when their lies are exposed, they go on silence mode.
Nayib Bukele recent tweet
So, why is the media ignoring El Salvador now that they managed to pay their debt in full and still have Bitcoin "working as legal tender"?...
There are a number of reasons why the media may be ignoring El Salvador's success in paying off its bond. One possibility is that the media is simply more interested in covering other stories. With so many news outlets vying for attention, it can be difficult to stand out and get coverage. As a result, outlets may focus on stories that are more likely to generate clicks and views.
Another possibility is that the media is reluctant to give El Salvador positive coverage because it doesn't fit the narrative that the country is a failed "Bitcoin state". Many media outlets have been critical of El Salvador in the past, and it may be difficult for them to admit that they were wrong. Additionally, the media may be hesitant to give credit to the current government for the country's economic progress, as it may not align with their political views.
The main reason, however, is that the media doesn't like Bitcoin because the media is owned by the exact bankers who are against Bitcoin and if popular outlets would cover such topics "in a positive manner" it would only lead to more exposure for the country that was first to make Bitcoin legal tender and who knows... Maybe inspire others.
Regardless of the reasons for the media's lack of coverage, although they're more than obvious, it is important to remember that El Salvador's success in paying off its bond is a significant accomplishment. The country has been struggling with high levels of poverty and unemployment, and this bond payment is a sign that it is starting to turn things around.
El Salvador played a risky bet with Bitcoin as it rushed to not only make it legal tender but also directly invest in it and make such a currency a part of the national treasury. However, long-term El Salvador is sitting on a fat winning bet. They bought at $40,000, $30,000, and even $20,000.
El Salvador kind of tried to catch a falling knife by doing that and it might now have "its hands full of blood"(own blood) but these wounds will heal and the country will flourish. Because, at the end of the day, Bitcoin is way better than cash despite its volatility.
Thanks for your attention,
Adrian
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Haters gonna hate. These people are bought and paid for by the legacy system and they probably already regret even covering it all. Even their negative articles brought publicity to this "experiment" and now they're just ignoring it and hoping it will go away. Too late. That tweet is 100% accurate. They lie until they're proven wrong and then they go dark. It truly is amazing how most of the world are sheep when it comes to the media. It's slowly starting to change but it's going to be a long road...
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The masses are so blind...
Sadly true. Mostly 🐑
I love this president, he is very successful in his government plan and the media does not give him importance because he sells more yellowish and negative news.
He's young too and has a youths mentality.
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That’s awesome!
they're paving a way here.
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Damn, thats amazing!
It's painful that the media is not covering it.
Ye well, what did you expect? :D
I'm naive sometimes
Just another reason not to watch, read or listen to any media company xD
Been doing that for over 15 years.
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The answer is always the narrative of course.
Kind of...
But it is, at least in mainstream media. If you create a narrative around a subject, and then things take a turn, you just stop reporting on it. Now, at least 90% of people will only remember your way of presenting the story and will use that as fact in everyday conversations cementing your story even further. This is just my own personal experience, might be wrong tho.
I didn't know they paid that off already
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They did. How are you doing? Still in the ICU?
Yes. But doing better.. hopefully
Saludos @acesontop, muy bueno el análisis sobre el bitcoin, pero sobre todo porque los medios no se enfocan en resaltar los logros sino los fracasos.
Yay! 🤗
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This is simply a great achievement that would inspire other nations while also showing what's possible with cryptocurrency. The media can't report of course, because it's not in their best interest.
I don't know if they managed to pay the debt with crypto money, I doubt that, but they're doing fine.
Right. I guess it indirectly played a part.
I reckon they're better off paying it with fiat, and sitting on their crypto until the price goes up a bunch
Smart move, right?
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They have fear that others follow the good lead and adopt Bitcoin and only Bitcoin.
Yep...
I expect that with Bitcoin price going up, main anti-Bukele narrative in mainstream media is going to be made around real of alleged abuse of human rights. Namely, his war against once all-powerful gangs which ended with roughly 2 percent of Salvadorean population behind bars. Yet, this is exactly the area where Salvadoreans see the most visible success (with once unimaginably high homicide rate going to zero and making the life significantly easier and less stressful for the 98 percent) and that might explain why Bukele enjoys popularity every other elected politician in the world could only dream of.
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These are details that don't get in the media as the media is more after making him look like an irresponsible president.
It’s glorious seeing a state embrace bitcoin. The world order will make a move but we must stand up and support freedom.
“Regardless of the reasons for the media's lack of coverage, ”
We know why. The media is controlled by the world order elites. They want total control at all costs.