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Dr. Saifedean Ammous, the author of an explanatory book about Bitcoin (BTC) called\u00a0The Bitcoin Standard<\/em>, has been appointed the economic adviser to the National Bitcoin Office of El Salvador.<\/p>\n On May 30, the Office announced that the Austrian economist had joined the team as its advisor for matters related to various economic policies.<\/p>\n Dr. Ammous\u2019 now-famous book was first published in April 2018. It analyzes the transition between solid stores of value to inflated assets and fiat currencies, traces the history of money and aims to show how civilizations have changed with their monetary systems. <\/p>\n Regarding the new position, he tweeted<\/a> on May 30 that he was \u201cexcited\u201d to work in the office in \u201cthe first country to adopt a Bitcoin standard!\u201d <\/p>\n When the author of the Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen.<\/p>\n We are excited to announce that @saifedean<\/a> is joining us as Economic Advisor to the National Bitcoin Office of El Salvador.<\/p>\n Welcome to the winning team, Dr Ammous! pic.twitter.com\/LyIljvKvtz<\/a><\/p>\n \u2014 The Bitcoin Office (@bitcoinofficesv) May 30, 2023<\/a><\/p><\/blockquote>\n Speaking to local media outlet Diario El Salvador on May 30, Ammous\u00a0said, \u201cWhat makes Bitcoin unique is that it gives you the opportunity to have a strong asset that doesn\u2019t depreciate over the years.\u201d<\/p>\n \u201cIf you have money that depreciates over time, there is no point in saving and it makes sense to get into\u00a0debt,\u201d he added.<\/p>\n \u201cIf you continue to accumulate Bitcoin for the next five years, there is a good chance that El Salvador will be debt free.\u201d<\/p><\/blockquote>\n The National Bitcoin Office (ONBTC) reported that Dr. Ammous recently traveled to El Salvador to lecture students of CUBO+, a Bitcoin and Lightning Network developers program to teach locals the code and concepts.<\/p>\n He also met with President Nayib Bukele and shared his thoughts on the \u201cremarkable benefits of the policy of economic liberty.\u201d<\/p>\n The ONBTC stated that Dr. Ammous declined any remuneration for the role and was only interested in supporting President Bukele\u2019s\u00a0Bitcoin policy.<\/p>\n El Salvador\u2019s National Bitcoin Office was created in November 2022 by Bukele to manage all things crypto-related.<\/p>\n Related:\u00a0<\/em><\/strong>Strike moves global headquarters to El Salvador, expands to 65 countries<\/em><\/strong><\/p>\n American broadcaster Max Keiser and television presenter Stacy Herbert are also part of Bukele’s Bitcoin team, in addition to the recently appointed professor.<\/p>\n\n