Ammous Joins El Salvador’s National Bitcoin Office

The author of the Bitcoin-explanatory book The Bitcoin Standard, Dr. Saifedean Ammous88, has been appointed Economic Advisor to the National Bitcoin Office of El Salvador.

The Office announced on May 30 that the Austrian economist had joined the team as a consultant for various economic policies

The Bitcoin Standard, the now-famous book by Dr. Ammous, was first published in April 2018 and analyzed the transition from stable-value stores to inflated assets and fiat currencies.

It also traces the history of money and attempts to demonstrate how monetary systems have influenced the evolution of civilizations.

Regarding his new position, he tweeted on May 30 that he was “excited” to work in “the first country to adopt a Bitcoin standard!”

Ammous told Diario El Salvador on May 30: “What makes Bitcoin unique is that it allows you to have a strong asset that does not depreciate with time.”

“If you have money that depreciates over time, there is no point in saving, and it makes sense to get into debt,” he added.

According to the National Bitcoin Office (ONBTC), Dr. Ammous recently traveled to El Salvador to lecture students of CUBO+, a program for local Bitcoin and Lightning Network developers to learn the code and concepts.

He also met with President Nayib Bukele, discussing the “remarkable benefits of the policy of economic liberty.”

Dr. Ammous, according to the ONBTC, declined any compensation for the position and was only interested in supporting President Bukele’s Bitcoin policy.

President Nayib Bukele established El Salvador’s National Bitcoin Office in November 2022 to manage all crypto-related matters.

In addition to the newly appointed professor, American broadcaster Max Keiser and television presenter Stacy Herbet have joined Bukele’s Bitcoin team.

Max Keiser stated that The Bitcoin Standard ” Orange piled” millions, including [MicroStrategy founder Michael Saylor] and many corporate and financial heavyweights who keep adding Bitcoin to their coffers daily.”