Unkept Promises: Developer Leaves El Salvador After Change in Bitcoin Stance
- GOD
- Mar 7
- 2 min read
Andreas Kohl, a bitcoiner who moved to El Salvador three years ago, has decided to leave the country due to the new direction taken by the current administration regarding bitcoin and a series of promises that the government has failed to fulfill.
El Salvador Disappoints Bitcoiners With New Policies, Unfulfilled Promises
The new stance of the Bukele administration in El Salvador, along with the measures it has taken regarding bitcoin adoption, has disappointed part of the bitcoin community that migrated to experience a cryptocurrency utopia.
Andreas Kohl, a bitcoiner who moved to the country three years ago, revealed he would leave the country and expressed his dissatisfaction with the changes imposed by the current Salvadoran authorities.
In a heartfelt thread posted on social media, Kohl praised the policies of President Nayib Bukele in the personal security area, acknowledging he was a hero who saved millions of lives.
Nonetheless, Kohl stated that the authorities’ bad record in fulfilling their promises regarding bitcoin was the cause behind his departure.
“Bitcoin as legal tender, Bitcoin bonds, Bitcoin City, and citizenship for investments (not donations) of 3 BTCwere the promises that brought me to El Salvador in January 2022,” he stated, remarking several initiatives that have not been completed by the Bukele administration.
By January, Kohl had already decided to leave El Salvador, as he was convinced that none of these promises would be fulfilled. He noted that the government continuously ignored the proposals of builders bringing their ideas and projects into the country, while embracing influencers and marketers who focused solely on putting a positive spin on the administration’s actions.
Kohl is not alone in his sentiment. John Dennehy, founder of Mi Primer Bitcoin, an educational organization, has emerged as a strong critic of this new direction taken by El Salvador.
“As someone who dropped everything to move to El Salvador in 2021 and build in ‘Bitcoin Country’ I’m profoundly disappointed by recent events here,” he declared on March 4.
Nonetheless, Dennehy is not leaving: “there’s tons of people and orgs doing great work on the ground. That’s always been the most important thing,” he assessed in another post.
It remains to be seen if the effects of the $1.4 billion deal with the International Monetary Fund (IMF) will continue to affect the nation’s image as a bitcoin country.
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