In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s President Faustin-Archange Touadéra recently said that understanding the disruptive power of crypto is important, arguing that “mathematics does not explain human emotions. “According to Touadéra, future generations in the country are likely to praise the country’s government for “choosing the right path in difficult times.”
The introduction of Bitcoin will benefit future generations.
In remarks seemingly directed at criticism of the Central African Republic’s (CAR) decision to adopt Bitcoin as its reference currency, President Faustin-Arantxe Touadera recently reiterated his country’s unwavering belief in the top cryptocurrency. He suggested to followers that CAR’s adoption of Bitcoin is set to benefit the country’s future generations.
These latest remarks by Touadéra came as the crypto market continued its downward momentum, initially sparked by the Terraluna crash and later exacerbated by speculation surrounding the US Federal Reserve’s interest rate policy.
During this time, Bitcoin and other top cryptocurrencies lost more than a third of their value. Taking advantage of the recent crash in the crypto markets, critics have blamed El Salvador and the CAR for their ill-advised decision to designate bitcoin as legal tender.
But in atweetthat seemed to rebuke the country’s critics, Tuadella explained why he is unfazed byBTC‘s recent decline. He states.
Understanding Bitcoin is crucial to recognizing its disruptive power to bring long-term prosperity. Mathematics cannot explain human emotions. Future generations will, at this very moment, be looking behind them at the unity of our strength&to choose the right path in difficult times.
Pressure on CAR and El Salvador
Critics point to the country’s lagging communications infrastructure as one reason why the decision to declare bitcoin legal tender is unwise, but the CAR president’s stance seems unlikely to shake the country’s government Touadéra’s stance is similar to that of El Salvador’s President Nayib Bukele, who has also been criticized for making bitcoin a legal tender.
As Bitcoin.com News reported, Bukele recently told concerned Salvadorans that theirBTCinvestments are safe and that they should “stop looking at graphs and enjoy life.” He stated that.
Meanwhile, in response to President CAR’s tweet, a user named Richard Penner told Touadéra thatBTC’ss value, like the value of fiat money, is determined entirely by human emotion, which is “fickle.”
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