El Salvador’s President predicted the bitcoin rate to “immensely grow”
Nayib Bukele urged investors to be patient and wait for the bear market to end
20.06.2022 - 11:10
357
2 min
0
What’s new? El Salvador’s President Nayib Bukele wrote on his Twitter account that bitcoin will show “immensely grow” once the bear market ended. Bukele urged investors to remain patient and recommended: “stop looking at the graph and enjoy life.”
I see that some people are worried 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 immensely grow after the bear market.Patience is the key.— Nayib Bukele (@nayibbukele) June 19, 2022
Cryptocurrency situation in El Salvador. On May 30, Bukele reported the state’s purchase of 500 BTC. The country bought the cryptocurrency at $30 744 for a total of $15,3 million. El Salvador currently owns 2031 BTC ($42,10 million at the exchange rate on June 20, according to Binance).
In response to Bukele’s tweet, the CEO of Euro Pacific Capital Inc. and economist Peter Schiff said that his “advice is as bad as your advice to buy the top.”
“How can you say an investment in bitcoin is safe when it has already lost 75% of its market value? You have no idea how low the price will fall during this bear market, or that the price will ever recover to current levels,” Schiff noted.
That advice is as bad as your advice to buy the top. How can you say an investment in #Bitcoin is "safe' when it has already lost 75% of its market value? You have no idea how low the price will fall during this bear market, or that the price will ever recover to current levels.— Peter Schiff (@PeterSchiff) June 19, 2022
Earlier, El Salvador postponed the issuance of its Vulcano Bonds bitcoin bonds for the second time. According to Finance Minister Alejandro Zelaya, now is not the right time to implement such investment products.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$97 731
BTC
+3.63%
-
Ethereum
$3 336.25
ETH
+8.46%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.18
XRP
+7.85%
-
Dogecoin
$0.385068
DOGE
+2.04%
-
Cardano
$0.787566
ADA
-2.33%
-
Bitcoin Cash
$482.41
BCH
+9.75%
-
Polkadot
$5.83
DOT
+2.85%
-
Stellar XLM
$0.242744
XLM
-1.64%
-
Litecoin
$88.32
LTC
+4.77%