Nayib Bukele: The West Will Transition To A Decentralized Financial System

The people’s trust of the central banks is at an all time low and growing by the day. Bitcoin will be the choice of the masses as this new age dawns.

https://cryptopotato.com/the-west-will-transition-to-a-decentralized-financial-system-nayib-bukele/

Nayib Bukele – the Bitcoin-bullish President of El Salvador – has predicted that the central banking model of today’s western economies will eventually give way to a more trustworthy, decentralized system.

In an interview with Tucker Carlson that aired on Tuesday, Bukele criticized both the Federal Reserve and the media’s reaction to his country’s Bitcoin adoption.

Need for a New Model
During the interview, Bukele argued that the Federal Reserve’s capacity to print money is a “moral crime,” as it devalues the currency and “robs” its citizens of their savings.

“The concept of savings has been destroyed,” he said. “It doesn’t make any sense to save money anymore… If you saved $50,000 [in the ’80s] then you have been robbed of 90% of your money [by] now.”

As of September, annual CPI inflation in the U.S. was running near 40-year highs at 8.2%. While the Federal Reserve has been tightening interest rates throughout the year to help reign in soaring prices, certain groups are already pressuring the central bank to reverse course before it triggers a global recession.

According to Bukele, people are now “waking up” to the harms of inflation, and will start to seek alternative systems to escape it.

“If we go into there, in principle, you would think you would be safe from having your wealth taken away by a political decision,” he said.

Though he expects the BRICS countries to start their own economic system, he does not think westerners will onboard it, due to Russia’s involvement. Rather, the west will seek alternatives that are more “independent,” and “uncensored”, while being “totally decentralized.”