El Salvador’s President, Nayib Bukele, has long supported Bitcoin, having legalized it, created a wallet, and purchased hundreds of BTC.
He has recently remarked about how BTC investments are safe, stating that he expects the value of the leading cryptocurrency to rise after the bear market ends.
Nayib Bukele has always been a staunch supporter of Bitcoin, despite the fact that the bear market has resulted in a significant sell-off of BTC.
Bukele disclosed in a tweet on his page that he had seen that most people were scared about the current market price of the largest cryptocurrency.
“I see that some people are worried or anxious about the bitcoin market price.”
In the tweet, he further elaborated, “My advice: stop looking at the graph and enjoy life. If you invest in BTC, your investment is safe and its value will immensely grow after the bear market. Patience is the key.”
El Salvador was one of the first countries to make Bitcoin legal tender, which drew the attention of experts in both traditional financial and decentralized finance.
The country went further by purchasing and holding 2,301 bitcoins, raising concerns among partners such as the IMF about the country’s fiscal health. In the past, El Salvador provided a subsidy to customers who purchased gasoline with BTC.
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