El Salvador President Bukele says Bitcoin is ‘the opposite‘ of FTX

Bitcoin is the opposite of FTX, claims nayibbukele. The president added that BTC was created 'precisely' to prevent Ponzi schemes and bank runs.

highlights the importance of an immutable peer-to-peer network in achieving a trustless financial system.and other financial fraudsters, including Bernie Madoff, while pointing out that the Bitcoin protocol prevents such bad actors from financial wrongdoings, adding that:Moreover, his message supporting Bitcoin reiterated that Bitcoin has a limited market capitalization of 21 million, making it a truly rare global asset to own.

“I believe it is important now more than ever that the SEC take decisive action to put an end to the regulatory gray area in which the crypto industry has operated,” the senator added.

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