China circles El Salvador’s economy as country edges toward crypto plunge

President Nayib Bukele bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot

As crypto-Twitter cascaded with apocalyptic memes about the bankruptcy of cryptocurrency exchange FTX and the sharp drop in the bitcoin price, one account has remained notably silent on the topic.

Unlike in previous crashes, the president of El Salvador, Nayib Bukele, who made bitcoin legal tender a year ago, did not exhort his followers to buy the dip". The laser eyes, popular among crypto currency traders, have long since been removed from his Twitter profile.