President Nayib Bukele calls himself “a dictator” as El Salvador buys the Bitcoin (BTC) dip

President of El Salvador Nayib Bukele changed his Twitter bio to "dictator" as his country buys more Bitcoin (BTC) during the price dip
El Salvador president Nayib Bukele from his Twitter page

Key Takeaways

  • El Salvador president Nayib Bukele addopts the tag ‘dictator’ given to him by his critics
  • As Bitcoin (BTC) saw major price fall, El Salvador bought more Bitcoins (BTC), taking the country’s total to 700
  • .Opposition parties in El Salvador criticize Bukele for calling himself a dictator on Twitter

YEREVAN ( — In a bizarre turn of events, the President of El Salvador changed his Twitter profile description to “dictator” in an attempt to take a jibe at protestors who used the term against him earlier this month. 

Nayib Bukele, the Bitcoin (BTC) loving Salvadoran President updated his Twitter bio to “Dictador de El Salvador,” which translates to “Dictator of El Salvador” on Monday.

President of El Salvador Nayib Bukele changed his Twitter bio to "dictator" as his country buys more Bitcoin (BTC) during the price dip

Before the change, his profile read, “Papá de Layla”, which means “Layla’s Dad”, referring to his daughter.

Faced with criticism, he took it one step further by updating it again. 

If his claim to dictatorship was not enough, he added an adjective.

Now, his profile reads, El Dictador más cool del mundo mundial”, which translates as “The coolest dictator in the world. 

Recommended: Foreign investors exempt from paying taxes in El Salvador; 3 Bitcoins for permanent residency

El Salvador divided on Bitcoin (BTC) adoption

Earlier in September, El Salvador became the first nation to adopt Bitcoin (BTC) as legal tender in the country. President Bukele made good on his promise to giving $30 worth of BTC to all adult citizens of El Salvador.

To facilitate the adoption process as well as the transfer of BTC, the county even came up with the official Chivo wallet, which the government would use to distribute the free BTC. 

El Salvador also made it mandatory for all businesses to download the wallet and start accepting Bitcoin as payment. Failing to do so would mean a violation of consumer rights, resulting in fines. 

While the news caught the fancy of crypto proponents as well as El Salvadorans, there were many in the country who denounced Bukele’s move. 

His opponents condemned his actions, taking to the street to show their opposition to the adoption of Bitcoin.

Some disgruntled protesters even burnt a bitcoin ATM in the capital San Salvador. The Government has installed over 200 such ATMs throughout the country.

Among the slogans used by protestors, perhaps the accusations of dictatorship and authoritarianism got to president Bukele the most, prompting him to make the change on his Twitter biography description.

Recommended: Bitcoin plunges over 10% in global market rout led by China’s housing bubble crisis

Not cool, Mr President

While Nayib Bukele thought he would troll the protestors by adopting the accusations of being a dictator, it seems to have backfired. 

His decision to call himself a dictator did not sit well with the citizens in El Salvador and the international community alike. Not that his opponents should be surprised, since this is not the first time he has done it. 

In January, he changed his profile picture to an image of Sacha Baron Cohen from the comedy movie ‘The Dictator’. 

Hardly a cool move from someone who calls himself the “world’s coolest president.

The political opposition did not hesitate to hit back at the “childish act” of Bukele.

“Changing his Twitter profile to call himself the dictator of El Salvador is a very childish act on the part of the president,” 

said legislator Johnny Wright Sol, a member of the opposition Nuestro Tiempo party.

Recommended: Ethereum-Solana bridge Wormhole v2 goes live as SOL and ETH fall over 10%

El Salvador buys more Bitcoin (BTC) during the dip

As Bitcoin (BTC) dropped below the $43,000 mark on Monday, Nayib Bukele jumped at the opportunity to increase his country’s BTC holdings. 

President of El Salvador Nayib Bukele changed his Twitter bio to "dictator" as his country buys more Bitcoin (BTC) during the price dip
BTCUSD on TradingView

Taking to Twitter, Bukele revealed El Salvador has purchases 150 new BTC, taking the country’s total holdings to 700 coins. El Salvador had also purchased more coins on the day of adoption after the price of the world’s most popular token nosedived.

Having already wagered everything on Bitcoin (BTC) adoption, Bukele is testing the patience of his opponents and citizens alike. With accusations of authoritarian behavior mounting, especially after he extended his term and fired critics from the system, his amateur behavior may come to haunt him one day.

How useful was this post?

Click on a star to rate it!

Related Articles

Our Partners