On Thursday, Salvadoran President Nayib Bukele reaffirmed his conventionalities for Bitcoin (BTC) supremacy on Twitter in one case again, this time stating that after widespread adoption occurs, "it's game over for fiat."

The Salvadoran president has been a mainstay in news headlines due to his government's regular BTC purchases and absolute pro-Bitcoin opinion. He has made frequent statements and comments to support the original cryptocurrency while refusing to budge in the face of criticism that Bitcoin is a bad idea for the nation.

Related: Republic of el salvador buys a smokin' hot 420 more Bitcoin

President Bukele'due south contempo tweet comes every bit the international community launches a barrage against El Salvador for its "Bitcoin experiment."

The International Monetary Fund criticized El salvador'south movement to adopt Bitcoin as legal tender in June, but the state nevertheless passed it and began accepting BTC as legal money in September. Andrew Bailey, governor of the Banking company of England, is a known critic of Bitcoin. More recently, while speaking at the Academy of Cambridge Students' Union, Bailey expressed his concerns over Republic of el salvador's conclusion to apply Bitcoin as a currency due to its extreme volatility.

Even so, Bukele fired dorsum at his critics, pointing out that while the residue of the globe regarded El salvador as a "Bitcoin experiment," it was transforming its economy with Bitcoin mass adoption. Bukele likewise claimed that when fiat is no longer a gene compared to BTC's potency, El Salvador will be regarded as the spark that starts the real revolution.

Since adopting Bitcoin as legal currency, Republic of el salvador has used Bitcoin profits or the "surplus" from its Bitcoin Trust account to finance the construction of xx schools. In mid-October, Bukele announced that the government would spend $4 one thousand thousand from the Bitcoin Trust to build a new veterinary hospital in San Salvador.

Bukele's latest riff comes as Republic of el salvador recently bought 21 BTC on Tuesday to gloat the "last 21st day of the year 21 of the 21st century" and commemorate the scarcity of Bitcoin as its supply is limited to 21 million BTC.