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Crypto: Bukele, Among Time Magazine’s 100 Most Influential People

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The president of El Salvador and defender of  Bitcoin (BTC), Nayib Bukele  has managed to enter the  List of the 100 most influential people of Time , but his description is not at all flattering.

What happened

Time  published  an article by Mexican journalist  Daniel Lizárraga  that described Bukele as someone who “did not tolerate criticism or being opposed to it.”

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Lizárraga pointed out that the Salvadoran daily  El Faro , where he works as an editor, published an investigation into the negotiations between the Bukele government and the El Salvador gangs.

The president dismissed the veracity of the information via Twitter and accused El Faro of lying.

The journalist cited several examples, such as the one that noted that Bukele appeared in the country’s parliament surrounded by armed soldiers “to pressure legislators to approve his budget.”

In May, the president ordered the removal of the country’s Supreme Court justices. Lizárraga wrote that later, the new appointees to the court had ruled that presidents could serve two consecutive terms.

Time has named Bukele one of the 100  Most Influential People  along with  Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, Apple Inc (NASDAQ: AAPL)  CEO  Tim Cook , and Ethereum (ETH) co-founder  , Vitalik Buterin.

Because it is important

Lizárraga claimed that he was expelled from El Salvador in July.

According to a  report by  the  Committee to Protect Journalists , the country’s immigration authorities notified Lizárraga that her work permit had been denied “because she could not prove that she was a journalist.”

According to CPJ, Bukele previously accused El Faro of money laundering but provided no evidence, and in 2019 Salvadoran authorities banned the outlet from attending press conferences at Bukele’s residence.

Last week, El Salvador officially recognized  Bitcoin as legal tender  and Bukele declared that he was going to “buy in the crash”, when the country acquired 150 BTC.

El Salvador’s capital San Salvador  witnessed violent protests  against the adoption of BTC. One resident told Al Jazeera that “it was not going to be positive for [street food] vendors, bus drivers, or shopkeepers.”

The protests have not stopped and, on Wednesday, which was the country’s independence day, thousands of people took to the streets to demonstrate against BTC. In addition, protesters set fire to a Bitcoin ATM in the capital, according  to information  from Decrypt.

They carried signs that read “We do not want Bitcoin” and “No to the dictatorship.”

Information from Reuters, which conducted a survey by the local Central American University, indicated that 67.9% of the 1,281 people surveyed  disagreed or strongly disagreed  with the adoption of Bitcoin as legal tender in El Salvador.

Price action

At press time, BTC was trading 1.74% higher at $ 47,929.64.

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