dr. Saifedean Ammous, prominent economist and author of “The Bitcoin Standard,” is ready to take on a new role as Economic Advisor to El Salvador’s Bitcoin Office. This appointment comes after El Salvador made history by becoming the first country to adopt bitcoin as legal tender in September 2021.
“Having Saifedean Ammous on the team El Salvador is amazing,” Max Keizer, Senior Bitcoin Advisor in the country said in a statement to Bitcoin Magazine. “Ammous beautifully captured the role of Bitcoin as, ‘The alternative to Central Banking’ in his now classic, ‘The Bitcoin Standard’ as well as the philosophy of Bitcoin including popularizing the idea of ’time preference’ as a life -hack. This news makes me very happy.”
Ammous, known for his expertise in Bitcoin and monetary economics, is expected to provide valuable guidance and insights to the Bitcoin Office as it navigates the implementation and integration of Bitcoin into the nation’s economy. His extensive knowledge and research on the subject has earned him recognition within the community and beyond.
The Bitcoin Law, proposed by the President of El Salvador Nayib Bukele and approved by the Legislative Assembly, sets the stage for a new era in the country’s financial landscape. With the participation of Ammous as Economic Advisor, El Salvador aims to use his expertise to maximize the benefits and address the potential challenges associated with the adoption of bitcoin as legal tender.
The Office of Bitcoin, established to oversee the implementation of the Bitcoin Law, will likely benefit from Ammous’ insights into monetary policy, sound monetary principles and the potential economic implications of adopting a decentralized digital currency. . His appointment marks El Salvador’s commitment to include expert opinions in their strategy and decision-making process.
