BITCOIN MAXIMALISM SHOULD BE EMBRACED BY EL SALVADOR.

El Salvador must abandon altcoins and embrace Bitcoin alone in order to achieve true monetary sovereignty.

El Salvador has made Bitcoin (BTC) legal money, making it the first government in the world to do so. As Bitcoin-enabled positive improvements continue to impact the economy, trust in Bitcoin is rising.

El Salvador must now adopt Bitcoin maximalism as its guiding philosophy and reject all so-called "crypto" and "altcoin" schemes.

Bitcoin Maximalism has arisen as a crucial guiding concept as Bitcoin proceeds to overcome fiat money, CBDCs, Gold, and so-called altcoins to become the single global monetary standard.

Nothing can compete with or compare to Bitcoin, and nothing will ever be able to supplant it as almost ideal money.

"Against Cryptocurrency: The Ethical Argument for Bitcoin Maximalism," by Pete Rizzo of Bitcoin Magazine, dated September 29, 2021, underlines Bitcoin's fundamental strengths:

- Distinguishing money from the state

- Creating a worldwide monetary system

- Issuance in a transparent manner

- Infinite audibility

- Unpredictability

- Money units have a finite quantity.

Furthermore, and most importantly, Bitcoin is:

- Decentralized in a unique way

Bitcoin is not controlled by any individual, group, business, or government. This is a claim that no other fiat currency, including CBDC, gold, or cryptocurrency, can make. When compared to Bitcoin, everything that isn't Bitcoin is either partially or completely centralized, and thus fails to accomplish the crucial breakthrough that Bitcoin represents: a worldwide, monetary network that is independent of any government.

More exactly, fiat money and CBDCs are completely centralized, and when state authority is withdrawn, they lose all value.

Gold is somewhat centralized, as enormous gold reserves are concentrated in a few hands, and price discovery is opaque and often manipulated.

Altcoins are intrinsically immoral and unethical, as MicroStrategy's Michael Saylor pointed out in a "Real Vision" interview dated September 24, 2021, since their primary aim, it might be argued, is to mislead the people.

The option is clear: Bitcoin maximalism is the best way for El Salvador to keep expanding its economy while also setting a global example of honesty and excellence.

Max Keiser contributes this guest article. Their views are completely their own.