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Nayib Bukele |
Early last weekend, bitcoins fell
to a level not seen since 2020.
At the time of filing this report,
bitcoins is trading at $20,141, up 12% over the past 24 hours and 33% over the
last seven days.
Bukele believes that the investments in the bitcoins are safe and will immensely grow after the bear market.
El Salvador has purchased 2,301 bitcoins since the country made bitcoins
legal tender alongside the U.S. dollar in September last year.
Obviously, with the falling price
of bitcoins, El Salvador’s bitcoins investment has lost 50% of its value, which
is over $50 million.
On Twitter, the Salvadoran
president wrote, “I see that some people are worried or anxious about the
bitcoin market price.
“My advice is 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.”
Source: AFRICUNIA TV
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