Pro-Bitcoin President Nayib Bukele Trolls 'Gold Bug' Peter Schiff As El Salvador's BTC Profit Soars 40%: 'Cry Harder'
Portfolio Pulse from Mehab Qureshi
El Salvador's President Nayib Bukele trolled Peter Schiff, a known Bitcoin skeptic, highlighting that El Salvador's Bitcoin holdings have surged over 40% in value. Despite the significant profit, Bukele stated El Salvador has no plans to sell its Bitcoin. This comes amid Bitcoin's price reaching over $64,000, a peak not seen in two years, and the overall cryptocurrency market cap crossing the $2 trillion mark.
February 29, 2024 | 5:54 am
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El Salvador's Bitcoin holdings have increased in value by over 40%, with the country's president publicly committing not to sell despite the profit. Bitcoin's price has recently surpassed $64,000, indicating a significant market upswing.
The public commitment by President Bukele not to sell El Salvador's Bitcoin holdings despite significant profits underscores confidence in Bitcoin's long-term value. This, combined with Bitcoin's recent price surge to over $64,000, could positively influence investor sentiment and potentially drive short-term price increases.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100