El Salvador president addresses bear market concerns with Bitcoin hopium By Cointelegraph


El Salvador president addresses bear market considerations with Bitcoin hopium

El Salvador launched BTC as authorized tender on September 7, 2021, when its market worth was round $50,000. Ever since, Bukele’s authorities made important returns on their preliminary BTC investments as rallied to its all-time excessive of $69,000, which was redirected to the nation’s numerous infrastructure growth initiatives.

Nevertheless, as tensions rise amid falling BTC costs, Bukele determined to share recommendation for fellow Bitcoin buyers which may be involved concerning the extended bear market.