Saifedean Ammous, the renowned economic expert and writer of The Bitcoin Standard, will be joining El Salvador’s Bitcoin Office as an Economic Advisor in order to help the country move forward with its decision to implement Bitcoin as legal tender in the country. El Salvador became the first country in the world to adopt Bitcoin as a legal tender. 

Saifedean Ammous Becomes Economic Advisor of El Salvador’s Bitcoin Office

The National Bitcoin Office of El Salvador will have a new economic advisor, Saifedean Ammous, one of the economists supporting Bitcoin over the last few years. 

“Thrilled, honored and excited to start working with the Bitcoin Office in the first country to adopt a Bitcoin standard!” said Mr. Ammous on Twitter after a meeting with El Salvador’s President Nayib Bukele. 

Thrilled, honored and excited to start working with the Bitcoin Office in the first country to adopt a bitcoin standard! https://t.co/KsczRwFIh5

— Saifedean Ammous (@saifedean) May 30, 2023

The goal will be to support President Bukele’s policy to move towards economic liberty and Bitcoin. It is also worth pointing out that he will not be receiving any remuneration for this position. 

El Salvador’s decision to implement Bitcoin as a legal tender in September 2021 has been controversial and has pushed multiple international organizations to attack the country’s decision. The International Monetary Fund (IMF) was one of the financial institutions that attacked the country for its decision. 

Nowadays, it is possible to use Bitcoin in El Salvador alongside the U.S. dollar. This makes it easier for people to get access to financial services and send and receive funds without having to go through centralized financial organizations.