Salvadoran President Nayib Bukele Expects Bitcoin-
-to Experience a 'Gigantic Price Increase..
[El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a gigantic price increase.Bukele stressed on Twitter that bitcoin is extremely scarce and there’s not enough bitcoin in the world for all today’s millionaires.]
Salvadoran President Says.....
“But the safest and most profitable moment to buy is when the price is down. Following the warning, the IMF then published a 114-page report on the subject of El Salvador adopting bitcoin, and said the costs exceed the benefits. Salvadoran president Bukele responded to the IMF with an animated GIF from an episode of “The Simpsons.” Bukele has also met with Turkey’s president Tayyip ErdoÄŸan and the Salvadoran leader allegedly discussed the benefits of bitcoin. “Most people go in when the price is up,” Bukele recently tweeted. On September 7, 2021, the price of BTC dive-bombed, so Bukele decided to buy the dip and add it to El Salvador’s growing stash of bitcoins. El Salvador and Bukele’s government are well known for codifying bitcoin as legal tender in June 2021. It’s not rocket science. Bukele and El Salvador have been purchasing BTC on a regular basis during another pandemic scare, and in the midst of even more bitcoin price dips.
Bukele has said that when the price of BTC is down, it’s the best time to stock up on the scarce crypto asset. Best Time to Buy Bitcoin ‘Is When the Price Is Down’ as IMF Warns Nayib Bukele’s Government
The Salvadoran bureaucrat, businessman, and the 43rd president of El Salvador, Nayib Bukele, is a big believer in the value of bitcoin (BTC). So invest a piece of your McDonald’s paycheck in bitcoin,” the Salvadoran president added.
The International Monetary Fund (IMF) has recently “urged” the Salvadoran government to drop bitcoin as legal tender.
Bukele Expects Bitcoin to Experience....
“A bitcoin is merely an arbitrary bundle of one hundred million [satoshis]. Imagine when each one of them decides they should own at least ONE bitcoin. Not enough for even half of them. But there will ever be only 21 million bitcoin. “But why buy an entire bitcoin when a single [satoshi] will do the job just as well (which is nothing),” Schiff replied to Bukele’s tweet. A gigantic price increase is just a matter of time.Of course, gold bug and economist Peter Schiff had to throw in his two cents about bitcoin and Bukele’s scarcity statement. It’s far more likely that millionaires who already own bitcoin will sell! A gigantic price collapse is coming,” Schiff responded, mocking Bukele. There are more than 50 million millionaires in the world.