Salvadoran President to Bitcoin Investors: Your BTC Investment Is Safe, Will Immensely Grow After Bear Market – Markets and Prices Bitcoin News
— Investors, Economics, Responsible — 1 min read
President Nayib Bukele believes investments in Bitcoin are safe and will ‘immensely grow’ after the bear market. El Salvador has purchased 2,301 bitcoins since the country made BTC legal tender alongside the U.S. dollar in September last year. With the price of bitcoin plunging, El Salvador’s BTC investment has reportedly lost 50% of its value, or over $50 million. At the time of writing, BTC is trading at $20,141, up 12% over the past 24 hours and 33% in the last seven days. Some others are less optimistic about where bitcoin is headed, with Jim Cramer expecting it to fall to $12K. Do you agree? Let us know in the comments section below. Source