I have been a great advocate of blockchain technology for many years, having written my first reports and recommendations on Bitcoin for the readers of my economic magazine „Kapitalschutz vertraulich“ in 2014. This has become particularly apparent to me in recent months, as I have spent every free minute writing my new book „KAPITALSCHUTZ FIRST – Make Your Money Safe Again!“, which will be released on 20.2.2024.

For years I have been following the erosion of our money and the emergence of future money systems such as Bitcoin. Nevertheless, I am more than skeptical towards Bitcoin maximalists and dubious people like Nayib Bukele, the “dictator” of El Salvador, who I do not rate as a savior just because he has introduced Bitcoin as a national currency. In El Salvador, the state of emergency still applies, which is to be extended until all members of the „Maras“ (gang crime) have been arrested.

The state of emergency applies to all persons present in El Salvador. Visitors can move around the country largely unrestricted, but should take note that there is currently a restriction on the right to immediate legal hearing upon arrest and access to legal assistance.

Is El Salvador just a fallen shithole republic? El Salvador is, in Donald Trump’s words, a shithole state. Freely translated, this means a “shithole country”, but economically speaking, I would personally rather choose the term “failed state”, which is also borne out by recent developments. On 01.12.23 Bukele surprisingly resigned in order to concentrate on the upcoming election campaign. He appointed his former secretary as a placeholder or „straw man“.

For me it is completely incomprehensible how irrational and undemocratic processes and people can be celebrated, as is done by BTC maximalists through their media such as Youtube and online blogs. The current developments in the stable Principality of Liechtenstein – the only AAA country in the world with no state debt – are largely overlooked. From the withdrawal from the family register to the entry in the trade register, state services can now be paid for with Bitcoin. For me, these are remarkable advances in the heart of Europe, not the chaos in parts of South America!

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