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Central African Republic President on BTC Volatility: ‘Mathematics Don’t Account for Human Emotions’

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In an explicit message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently stated that understanding the destructive power of cryptocurrencies is critical and that “the math doesn’t account for human emotions.” Future generations of the country are likely to applaud his government for “choosing the right path in difficult times,” Touadéra said.

Bitcoin adoption is beneficial for future generations

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In comments that appear to be aimed at criticizing the decision of the Central African Republic (CAR) to adopt bitcoin as its base currency, President Faustin-Archange Touadéra recently reaffirmed his country’s unwavering belief in a better cryptocurrency. He suggested to his followers that the introduction of bitcoin in the CAR would benefit future generations of the country.

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President of the Central African Republic on BTC volatility: “Math does not take into account human emotions”

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These last remarks by Touadéra came as the cryptocurrency market continued its downward momentum, initially fueled by the Terra Luna crash but later exacerbated by speculation surrounding the US Federal Reserve’s interest rate policy.

During this period, Bitcoin and other top cryptocurrencies lost more than a third of their value. Using the recent crypto market crash to prove their point, critics have pilloried El Salvador and the CAR for their allegedly reckless decision to declare bitcoin legal tender.

However, in tweet who seems to rebuke the country’s critics, Touadéra explained why he is not embarrassed BTCrecent autumn. He said:

Understanding bitcoin is critical to recognizing its destructive power to ensure long-term prosperity. Mathematics does not take into account human emotions. Future generations will look in these very moments to our strength and unity in choosing the right path in difficult times.

Pressure on the Central African Republic and El Salvador

While critics have pointed to the country’s backward telecommunications infrastructure as one of the reasons why the decision to declare bitcoin legal tender is ill-advised, the CAR president’s stance suggests that his government is unlikely to succumb to influence. Touadera’s stance is also similar to that of Nayib Bukele, President of El Salvador, whose government is also under fire for making bitcoin legal tender.

According to Bitcoin.com News, Bukele recently told worried Salvadorans that their BTC investments are safe and that they should “stop looking at the chart and enjoy life”.

Meanwhile, in response to a tweet from the CAR president, a user named Richard Penner told Touaderé that BTCvalue, like the value of fiat currency, is entirely determined by human emotions, which are “fickle”.

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Credit : news.bitcoin.com

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