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Falling Bitcoin Price Doesn’t Affect El Salvador

Falling Bitcoin Price Doesn’t Affect El Salvador


Cryptoknowmics
2022-05-28 06:07:56

El Salvador’s Deputy, Dania Gonzalez, was recently in Brazil to discuss her country’s experiences with the decision to make Bitcoin (BTC) legal tender. Rodrix Digital, a digital influencer who was recently in El Salvador to make a documentary about cryptocurrencies, invited Gonzalez to Brazil. Attending Bitconf 2022 and meeting with Dape Capital CEO Daniele Abdo Philippi and Ana Élle, CEO of Agency ROE were among the lawmaker’s actions in Brazil. Gonzalez reveals how Bitcoin has changed people’s lives in El Salvador and how the federal government, led by President Nayib Bukele, has been using the monies invested in BTC to strengthen the economy. El Salvador just bought the dip! 🇸🇻 500 coins at an average USD price of ~$30,744 🥳#Bitcoin — Nayib Bukele (@nayibbukele) May 9, 2022 When asked about El Salvador’s Bitcoin investment and how it would affect people’s lives if the value of the currency falls, Gonzalez said that every investment has a cost and a profit. “What Nayib Bukele did was buy Bitcoins and make a profit at a certain strategic moment,” she said. “In cryptocurrencies, there are times when you can make a profit and there are times when you have to invest more. Now cryptocurrency is down, this happens, it’s normal, but at this point instead of being sad, instead of thinking that you lost all your investment, it’s time to buy more Bitcoins because now the price is cheap, that’s the strategy.” El Salvador, according ...


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