Nayib Bukele Can't Help Laughing As Bitcoin Critic Who Slammed Adoption In El Salvador Gets Indicted In Bribery Case
Portfolio Pulse from Benzinga Neuro
El Salvador's President Nayib Bukele reacted with laughter to the indictment of Sen. Bob Menendez, a critic of El Salvador's Bitcoin adoption, on new charges including obstruction of justice. This adds to Menendez's existing bribery charges. Menendez had co-sponsored legislation against El Salvador's Bitcoin use. Meanwhile, Bitcoin reached a new high of $69,170.63 but traded nearly flat at $65,941.32 recently.
March 07, 2024 | 11:30 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bitcoin reached a new all-time high of $69,170.63, demonstrating significant appreciation since El Salvador adopted it as legal tender.
The news highlights Bitcoin's significant appreciation since El Salvador adopted it as legal tender, reflecting positively on its value. The recent high could attract more investors, potentially driving the price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100