El Salvador’s President says ‘Bitcoin will pick up, don’t worry and enjoy life’
President Nayib Bukele of El Salvador assured the public that the current bear market is not the end of Bitcoin (BTC) and advised Bitcoin investors to stop worrying and be patient.
he Said:
“Some people seem to be worried or worried. Bitcoin market price.
My advice: Stop looking at the graph and enjoy life.Mef you invested BTC Your investment is safe and its value will be very large after the bear market. Patience is the key. “
El Salvador was the first country to accept Bitcoin as legal tender. The country has accumulated more than 2,300 Bitcoins since November last year, and their total investment has decreased by more than 62%.
Still, El Salvador’s finance minister and president seem confident in investing in the country’s Bitcoin. El Salvador’s finance minister addresses the issue of price declines while the president advises him to kick back while waiting patiently for Bitcoin to recover.
Minister Alejandro Seraya argues that a 62% loss poses very little financial risk to the country. He says:
“What is the financial risk of El Salvador? Bitcoin Very expensive, the only thing it does is make me laugh, and it’s really a very superficial analysis, they speak only from ignorance, so serious economists should do the same. think. “
Kevin O’Leary agrees
Kevin O’Leary, a billionaire investor at Shark Sunkus, also commented in agreement with President Bukele.
O’Leary talked To Business insider About his approach to the bear market. He said he didn’t think this was the end of the crypto. In fact, the current negativity wipes out unwanted projects and leaves room for good projects.
He said he is doubling several other Web3 projects with a total of 32 positions in the Bitcoin, Ethereum (ETH) and digital asset markets.
He agrees that some projects will not survive, but surviving projects will provide high returns. He says:
“I’m not selling anything. In the long run, I have to be hungry. You need to understand what you get. Volatility, And some projects won’t work. “
Like the President of El Salvador, Oleary is not worried. He states that the market will continue to fall and eliminate projects until the market bottoms out.
It’s not clear when the bear market could eventually reach its lowest level, but O’Leary says it will get higher and higher as the market bounces from the bottom.
O’Leary concludes his words by explaining why he isn’t worried. Even if you don’t know what will happen with an individual project, the overall crypto market will only grow in the future thanks to the people working on it. He says:
“Look at the MIT alumni engineers. The smartest people are [block]chain. So you have most of the best intellectual capital in the world and are solving the bad results of the chain — why don’t you expect it to work? “
