Bukele: Global Financial System Never Recovered From 2008 Crisis

El Salvador's President Nayib Bukele has reignited his criticism of the global financial system, claiming that it never truly recovered from the 2008 crisis. In a statement on social media platform X, he said, 'We never escaped the 2008 financial crisis, we just shifted the pain.'

This comment reflects Bukele's long-standing support for Bitcoin as an alternative monetary system, and is in line with his government's decision to adopt the asset as legal tender in 2021.

Bukele points out that the response to the 2008 crisis was not a lasting solution, but rather a shift of financial pressure onto other areas. He cites policies such as monetary expansion, debt growth, and financial interventions as contributing factors to ongoing concerns.