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Pro-Bitcoin Salvadoran President Nayib Bukele has asked for patience after the price of Bitcoin fell below $20,000 (less than half the price paid by the Salvadoran government).
According to tracking site nayibtracker.com, El Salvador under Bukele has spent about $105 million on bitcoin since last September, paying an average of nearly $46,000 per piece.
The value of El Salvador's bitcoin investment is now down more than 57 percent, or a floating loss of about $61 million, according to calculations.
Buckley tweeted Saturday local time, "I see some people worried or anxious about the market price of Bitcoin. My advice: stop looking at charts and enjoy life. If you're invested in #BTC, your investment is safe and its value will grow substantially after the bear market."
What do you think about this?
According to tracking site nayibtracker.com, El Salvador under Bukele has spent about $105 million on bitcoin since last September, paying an average of nearly $46,000 per piece.
The value of El Salvador's bitcoin investment is now down more than 57 percent, or a floating loss of about $61 million, according to calculations.
Buckley tweeted Saturday local time, "I see some people worried or anxious about the market price of Bitcoin. My advice: stop looking at charts and enjoy life. If you're invested in #BTC, your investment is safe and its value will grow substantially after the bear market."
What do you think about this?