El Salvador: Bitcoin Machines Burned And Thousands Take The Streets
Workers, students, union and peasant organizations, feminist groups, human rights activists, and even judges took to the streets on Wednesday in El Salvador. It was the country’s largest mobilization in decades. Among the issues being protested were the Salvadoran president Nayib Bukele’s decision to double the number of military troops under the pretext of fighting violence and crime. In reality, it’s about gaining support and surrounding himself with the armed forces. In addition, Bukele’s Bitcoin law has been widely rejected by people all over the country. The law makes Bitcoin legal tender across the country. While the President claims this measure will make it easier for people in El Salvador to send money abroad, many believe it will bring inflation and even greater instability. At the protests, people set fire to Bitcoin machines amidst the mass marches.