- TIME Magazine has announced its list of the world’s 100 most powerful individuals, which includes those with clout in the cryptosphere.
- Elon Musk, the CEO of Tesla and SpaceX, El Salvador’s President Nayib Bukele, and Ethereum co-founder Vitalik Buterin are among others on the list.
- The three were chosen for their ability to affect cryptocurrencies through their actions, such as being the leader of the world’s first country to adopt Bitcoin as legal cash.
Cryptocurrencies have seen a boom in popularity in recent years, mainly to influencers who support them.
In TIME’s annual list of the world’s most important people, he is listed alongside El Salvador’s President Nayid Bukele and Ethereum co-founder Vitalik Buterin.
ELON MUSK: THE DOGEFATHER
Tesla and SpaceX CEO Elon Musk has been a strong supporter of cryptocurrencies, and his views have been known to influence investor sentiment in the digital currency space.
On numerous occasions, he has shown his support for Bitcoin. Tesla has accepted Bitcoin as a form of payment for its vehicles and had invested $1.5 billion in the popular digital coin early this year. And when he backtracked on his commitment, the Bitcoin tanked.
In a tweet, TIME honoured Musk writing, “It’s hard to think of a person less able to be summed up in 150 words than @elonmusk. He is, after all, a man who has devoted his life to breaking free of limits and constraints. And he’s taking mankind along with him,” writes @ariannahuff.
VITALIK BBUTERIN: FOUNDER OF ETHEREUM BLOCKCHAIN
Ethereum, the co-founder of blockchain technology, was also named to the list of most influential individuals.
While there are eight co-founders of Ethereum in all, Buterin is the one who published the first whitepaper.
The work of the Russian Canadian programmer has aided the development of decentralised finance (DeFi) apps and sparked interest in non-fungible coins (NFTs).
According to CoinMarketCap, Ether, the cryptocurrency that powers the Ethereum blockchain, is currently valued $415.1 billion.
NAYIB BUKELE: MAN WHO MADE BITCOIN LEGAL IN EL SALVADOR
El Salvador’s President, Nayib Bukele, became the first head of state to accept Bitcoins as a form of payment.
His backing for Bitcoin also aided the digital currency’s re-establishment as a leader in the digital world. El Salvador became the first country to use Bitcoins as legal tender as a result of his efforts.
His contributions to digital currencies made him a popular figure, and he encouraged governments like Ukraine and Paraguay to look into recognising them as legal cash.
With a curious tweet, TIME left the audience clueless that, “Why bukele is in the list”.
But we all know how this man have worked throughout his serving time to make El Salvador stand out in tough times Economically as well as culturally.
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