El Salvador President is a big fan of BTC. It was Bukele effort which made El Salvador the first country which adopted BTC as a legal tender.
Since accepting BTC as a legal tender in September 2021, country has purchased 2300 BTC at an average price of $46,000 from public fund. Current bloodbath in crypto market have fallen El Salvador 60% worth.
Bukele is facing strict critcisim over using public funds for purchasing BTC. On the other hand Bukele asked people to remain hold their nerves and remained calm. President is optimistic that the coin will bounce back. Bukele requested people stop looking at chart and enjoy life.
Bukele finance minister said that there is no loss encountered as the BTC holding is intact. One thing is sure, patience is the key. BTC will bounce back. What is your opinion my friends?