El Salvador discovered that Bitcoin really is a ponzi scheme

@ 2022/05/16
But its fanboy president can’t help but buy more of it

While the Bitcoin ponzi scheme has been crashing and burning, one of its key fanboy’s El Salvador’s president cannot admit he has made a mistake.

President Nayib Bukele, who seems unable to put his cap the right way around, hit the headlines when he invested shedloads of El Salvador’s real money into the made-up Bitcoin Ponzi scheme.

For those who came in late, Bitcoin is a scheme which depends on people investing money and then talking others into investing so that the price can go up and they can exit the scheme to live on a nice Mediterranean island.

However, Bitcoin has not done very well since Bukele invested and followed Bitcoin rules, he thinks that the wisest way forward is to buy up more of the useless currency until things get better.

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