El Salvador's Debt Triumph: Why is the Media Suddenly Silent?

The media has a tendency to focus on negative stories, and El Salvador has certainly had its fair share of negative coverage in recent years while at the same time being threatened by IMF in so many ways. Ever since El Salvador adopted Bitcoin as legal tender FUD never ceased to stop pouring over the poor country and its president.

In the past year, almost every legacy international news outlet said that because of our “#bitcoin bet”, El Salvador was going to default on its debt by January 2023 (since we had an 800 million dollar bond maturing today).

Well, we just paid in full, 800 million dollars plus interest. But of course, almost nobody is covering the story. I just found one, yes ONE, in spanish, from Colombia https://semana.com/confidenciales/articulo/nayib-bukele-cumplio-el-salvador-pago-el-bono-que-se-vencia-en-el-2023/202311/ They lie and lie and lie, and when their lies are exposed, they go on silence mode. Nayib Bukele recent tweet

So, why is the media ignoring El Salvador now that they managed to pay their debt in full and still have Bitcoin "working as legal tender"?...

There are a number of reasons why the media may be ignoring El Salvador's success in paying off its bond. One possibility is that the media is simply more interested in covering other stories. With so many news outlets vying for attention, it can be difficult to stand out and get coverage. As a result, outlets may focus on stories that are more likely to generate clicks and views.

Another possibility is that the media is reluctant to give El Salvador positive coverage because it doesn't fit the narrative that the country is a failed "Bitcoin state". Many media outlets have been critical of El Salvador in the past, and it may be difficult for them to admit that they were wrong. Additionally, the media may be hesitant to give credit to the current government for the country's economic progress, as it may not align with their political views.

The main reason, however, is that the media doesn't like Bitcoin because the media is owned by the exact bankers who are against Bitcoin and if popular outlets would cover such topics "in a positive manner" it would only lead to more exposure for the country that was first to make Bitcoin legal tender and who knows... Maybe inspire others.

Regardless of the reasons for the media's lack of coverage, although they're more than obvious, it is important to remember that El Salvador's success in paying off its bond is a significant accomplishment. The country has been struggling with high levels of poverty and unemployment, and this bond payment is a sign that it is starting to turn things around.

El Salvador played a risky bet with Bitcoin as it rushed to not only make it legal tender but also directly invest in it and make such a currency a part of the national treasury. However, long-term El Salvador is sitting on a fat winning bet. They bought at $40,000, $30,000, and even $20,000.

El Salvador kind of tried to catch a falling knife by doing that and it might now have "its hands full of blood"(own blood) but these wounds will heal and the country will flourish. Because, at the end of the day, Bitcoin is way better than cash despite its volatility.

Thanks for your attention, Adrian

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