Your BTC investment is safe and will grow significantly after the bear market – Markets and Prices Bitcoin News

The President of El Salvador has some advice for Bitcoin investors. He believes that investments in the largest cryptocurrency are safe and will “grow significantly” after the bear market.

President of El Salvador Bitcoin Investment

El Salvador President Nayib Bukele Bitcoinheavy selling.

El Salvador has Buy 2,301 bitcoins since made in the country Bitcoin Fiat currency that was tied with the US dollar last September.El Salvador as Bitcoin price plummets Bitcoin According to reports, the investment Lose 50% its value, or more than $50 million.

“I see some people worrying or anxious about the Bitcoin market price,” Bukele detailed on Twitter on Saturday:

My advice: stop looking at charts and enjoy life.if you invest Bitcoin Your investment is safe and will grow significantly in value after a bear market. Patience is the key.

Many have expressed concern about El Salvador’s finances due to the large position of Bitcoin on the country’s balance sheet.

Alejandro Zelaya, Minister of Finance of El Salvador, fired Last week’s concerns said “fiscal risks are minimal”. He added: “The only thing I can do is smile when they tell me that El Salvador is at very high financial risk because of Bitcoin.”

Earlier this weekend, Bitcoin fell to its highest level since 2020. As of this writing, Bitcoin It is trading at $20,141, up 12% in the past 24 hours and 33% in the past seven days.

Some echoed Bukeke’s optimism, including bitcoin bull Michael Saylor and Skybridge Capital founder Anthony Scaramucci.

Others, however, are less optimistic about where Bitcoin is headed.crazy money host Jim Cramer expect Bitcoin fell to $12,000.Dual Line Capital Jeffrey Gundlach Said he would not be surprised if Bitcoin fell to $10, dad poor dad author Robert Kiyosaki Indicates that Bitcoin may bottom out to $9,000.Guggenheim Chief Information Officer Scott Minard Indicates that Bitcoin could plummet to $8,000.

Do you agree with the President of El Salvador? Let us know in the comments section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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