President Salvadora advised not to worry about falling the price of bitcoin
Salvadora President Nayib Buyle recommended bitcoin investors not to worry about the quotes of the first cryptocurrency. According to him, investments in digital gold “immensely” will grow after the end of the bear cycle.
I See That Some People Aried Or anxious About the #Bitcoin Market Price.
My Advice: Stop Looking at the Graph and Enjoy Life. IF YOU Invested in #btc your Investment is Safe and Its Value Will Immensly Grow after the Bear Market.
Patience is the Key.
– Nayib Bukele (@nayibbukele) June 19, 2022
“I see that some people are worried or worried about the market price of bitcoin. My advice: stop looking at the graphs and enjoy life. If you invested money in BTC, your investment is safe, their cost will grow immensely after the bear market. The main thing is patience, ”he wrote.
In response, the supporter of gold Peter Schiff said that the Book Council was as bad as his recommendation “Buy the top” (Buy the top). The latter is probably a reference to the exchange slogan “Buy The Dip”, which often mentioned the book.
“How can you say that bitcoin investments are safe when they have already lost 75% of their market value? You have no idea how low the price of this bear market will fall, and whether quotes will recover to the current level, ”he said.
Earlier, Shift said that the collapse of the cryptocurrency market is useful for the economy. He also added that even if digital assets have a future, bitcoin will never become part of it.
The state Bitcoin Fund Salvador contains 2301 BTC, the cost of which at the time of writing is estimated at $ 44.31 million. At an average purchase price of $ 43,900, the “paper” loss of the country has already exceeded $ 56 million.
Recall that in March 2022, Salvador planned to release the first bitcoin wobes for $ 1 billion.
In June, the Government recognized the unpreparedness to launch the tool in the near future.
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