22. September 2023

• Dr. Saifedean Ammous, the author of “The Bitcoin Standard” book, was appointed as an economic advisor to El Salvador’s National Bitcoin Office.
• He believes that El Salvador can achieve debt-free status by accumulating Bitcoin for the next five years.
• Ammous recently traveled to El Salvador to lecture students of CUBO+ program and share his ideas on economic liberty with President Nayib Bukele.

Dr. Saifedean Ammous Appointed as Economic Advisor in El Salvador

El Salvador has appointed Dr. Saifedean Ammous, the author of an explanatory book about Bitcoin (BTC) called The Bitcoin Standard, as its economic adviser to the National Bitcoin Office of El Salvador on May 30th.

Dr. Ammous’ Book: The Bitcoin Standard

The now-famous book was first published in April 2018 and it analyzes the transition between solid stores of value to inflated assets and fiat currencies, traces the history of money and aims to show how civilizations have changed with their monetary systems.

Excited About His New Role

Upon joining the team as its advisor for matters related to various economic policies, Dr. Ammous tweeted on May 30th that he was “excited” to work in the office in “the first country to adopt a Bitcoin standard!”
He stated when speaking with local media outlet Diario El Salvador that “What makes Bitcoin unique is that it gives you the opportunity to have a strong asset that doesn’t depreciate over the years.” He also added if El Salvador accumulates BTC for five years they could become debt free.

Lecturing Students & Meeting President Bukele

The National Bitcoin Office reported that Dr. Ammous recently visited El Salvador where he lectured students at CUBO+, a program designed for developers to teach them about bitcoin and lightning network code and concepts. Additionally, he met with President Nayib Bukele who accepted his ideas about economic liberty benefits from adopting bitcoin policy in El Salvador .

No Remuneration Accepted

Despite accepting his role as economic adviser, Dr. Ammous refused any form of remuneration as he only wanted to support President Bukele’s bitcoin policy initiative in El Salvador .