The president also suggested to his followers that the CAR’s adoption of bitcoin is for the benefit of future generations. bitcoin legaltender adoption
Central African Republic President on BTC Volatility: 'Mathematics Don't Account for Human Emotions'
In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently argued that understanding the crypto’s disruptive power is crucial and that “mathematics don’t account for human emotions.” According to Touadéra, the country’s future generations are likely to applaud his government for “choosing the right path during hard times.
These latest remarks by Touadéra came as the crypto market continued with its downward momentum, initially sparked by the Terra Luna crash but later exacerbated by the speculation surrounding the U.S. Federal Reserve’s interest rate policy. During this period, bitcoin and other top cryptocurrencies have lost more than a third of their value. Using the crypto market’s recent crash to drive home their point, critics have pilloried El Salvador and the CAR over their supposedly ill-advised decision to designate bitcoin as legal tender.
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