El Salvador president addresses bear market concerns with Bitcoin hopium
Cointelegraph
Published Jun 19, 2022 06:42AM ET
Updated Jun 19, 2022 08:20AM ET
El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives.
However, as tensions rise amid falling BTC prices, Bukele decided to share advice for fellow Bitcoin investors that may be concerned about the prolonged bear market.
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Written By: Cointelegraph
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