Dr. Saifedean Ammous, a renowned economist and the author of “The Bitcoin Standard,” is set to assume a new role as an Economic Advisor to El Salvador’s Bitcoin Office. This appointment comes on the heels of El Salvador making history as the first country to adopt bitcoin as legal tender in September 2021.
The addition of Saifedean Ammous to the team in El Salvador has been met with enthusiasm. Max Keiser, a Senior Bitcoin Advisor to the country, expressed his satisfaction, stating, “Having Saifedean Ammous on team El Salvador is fantastic.” Keiser commended Ammous for his insightful depiction of Bitcoin’s role as an alternative to central banking in his renowned work, “The Bitcoin Standard.” Ammous is also credited with popularizing the concept of “time preference” as a life-hack within the Bitcoin philosophy. Keiser’s positive sentiments highlight the significance of Ammous’ involvement.
Ammous is widely recognized for his expertise in Bitcoin and monetary economics, making him an invaluable asset to the Bitcoin Office as it navigates the implementation and integration of Bitcoin into El Salvador’s economy. His extensive knowledge and research have earned him respect and admiration from both the community and a broader audience.
El Salvador’s groundbreaking Bitcoin Law, proposed by President Nayib Bukele and approved by the Legislative Assembly, has set the stage for a transformative era in the country’s financial landscape. With the inclusion of Ammous as an Economic Advisor, El Salvador aims to leverage his expertise to maximize the benefits and tackle potential challenges associated with adopting bitcoin as legal tender.
The Bitcoin Office, established to oversee the implementation of the Bitcoin Law, stands to gain valuable insights from Ammous regarding monetary policy, sound money principles, and the potential economic implications of embracing a decentralized digital currency. This appointment reflects El Salvador’s commitment to incorporating expert opinions into their strategy and decision-making process, emphasizing their dedication to a well-informed approach.
