Salvadorian President Nayib Bukele expects Bitcoin to experience a gigantic price increase -

The President of El Salvador, Nayib Bukele, believes that it is only a matter of time before Bitcoin experiences a "gigantic price increase". Bukele emphasized on Twitter that Bitcoin is extremely scarce and that there is not enough Bitcoin in the world for all millions.

The Salvadorian President says that the best time for the purchase of Bitcoin is "when the price drops", as the IMF warns the government of Nayib Bukele

The Salvadorian bureaucrat, businessman and 43rd President of El Salvador, nayib bukele believes in the value of bitcoin (btc) . El Salvador and the government of Bukele are known for codification of bitcoin as legal Payment means in June 2021. On September 7, 2021, the price of BTC Bombarded So Bukele decided it added El Salvador's growing Bitcoin supply. Bukele and El Salvador were purchase of btc on a regularly during another pandemie-anlicht, and in the middle of it even more Bitcoin price drops .

Bukele said that when the price of bitcoin is the time to cover up with the scarce crypto-asset. "Most people go in when the price is high," said Bukele recently tweeted . "But the safest and most profitable time to buy when the price has dropped. This is not rocket science. So invest part of your McDonald’s content in Bitcoin," added the Salvadorian President.

https://s1f5kwoben pic.twitter.com/ld0i2dbhha

- nayib bukele 🇸🇻 (@nayibbukele) 26. January 2022

The International Monetary Fund (IMF) recently " pushed "the Salvadorian government to drop Bitcoin as a legal means of payment. The warning followed the IMF published an 114-page report Bitcoin introduction in El Salvador and said that the costs exceed the benefits. The Salvadorian President Bukele answered to the IMF with an animated GIF from an episode of "The Simpsons". Bukele also met with the Turkish president Tayyip Erdoğan and the Salvadorian leader allegedly discussed the advantages of Bitcoin.

This week has explained this week bitcoin (btc) is very scarce and he expects bitcoin ’s price to see a huge leap into the future. Bukele tweeted:

There are more than 50 million millionaires in the world. Imagine when each of them decides to own at least one bitcoin. But there will always be only 21 million Bitcoin. Not even for half of them. A gigantic price increase is only a matter of time.

Naturally gold bug and economist Peter Schiff Insert a shortness declaration. "But why buy an entire Bitcoin if there is one will do the job as well (which is nothing)", ship replied to Bukeles tweet. "A Bitcoin is just an arbitrary bundle of a hundred million [Satoshis]. It is much more likely that millionaires who already own Bitcoin will sell!

What do you think of El Salvador's Bitcoin adoption experiment and Nayib Bukeles that it is only a matter of time before Bitcoin experiences a gigantic price increase? Share your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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