🤔 What did the President of El Salvador say about the US selling 69,000 BTC?
The President of El Salvador, Nayib Bukele, has expressed his views on the U.S. Department of Justice being allowed to sell $6.5 billion worth of Bitcoin from the Silk Road case. He remarked that this move could become an opportunity for people to buy Bitcoin at a discount, implying the possibility of a temporary drop in BTC prices due to selling pressure from the U.S. government.
El Salvador, a pioneering country in using Bitcoin as legal tender, always closely follows major developments in the cryptocurrency market. Bukele's perspective reflects long-term optimism for Bitcoin, despite short-term volatility. Yesterday, on January 8, 2025, El Salvador also added 11 BTC to its portfolio, bringing their total BTC holdings to 6,022 BTC.
Surely there are two opposing sides, what about you? Are you on the buy or sell side right now?
