top-crypto-news.org
No Result
View All Result
  • Home
  • Bitcoin
  • NFT
  • DeFi
Bitcoin ticker
Bitcoin
$30513
BTC
Ethereum ticker
Ethereum
$2085.78
ETH
BNB ticker
BNB
$306.97
BNB
Cardano ticker
Cardano
$0.58112
ADA
Solana ticker
Solana
$56.09
SOL
Bitcoin ticker
Bitcoin
$30513
BTC
381.49
  • Home
  • Bitcoin
  • NFT
  • DeFi
No Result
View All Result
top-crypto-news.org
No Result
View All Result
top-crypto-news Bitcoin

President of El Salvador, Nayib Bukele, explains why he thinks Bitcoin price will increase a lot

Alex Coin
January 31, 2022
Reading Time: 3 mins read
0
sube bitcoin
What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

The president of El Salvador, Nayib Bukele, firmly believes that the “gigantic increase in the price of Bitcoin” is only a matter of time.

RELATED POSTS

NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

There will be a large meeting of 44 countries on Bitcoin in El Salvador today, announced President Bukele

Portugal: apartment was sold for 3 bitcoins thanks to new regulation in the country

***

The president of El Salvador, Nayib Bukele, is one of the most fierce supporters of the Bitcoin. Not only because it made the Central American nation the first country in the world to become the play the role of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. legal tender or because he has bought with the nation’s money more than 1,500 BTC in a matter of six months or less. In addition, because it constantly refers to the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. by Twitter.

In early 2022 he said that would reach USD $100,000 this year . He now gives explanations as to why he is so convinced of the increase, despite the current bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market.

According to Bukele, the main cryptocurrency is coming to a “gigantic price increase”. His argument is that there are more than 50 million millionaires in the world, while there are only 21 million million millionaires in the world. bitcoins . If all millionaires decided to own at least one millionaire each, they could each own at least one millionaire. Bitcoin, there wouldn’t be enough coins for all of them. Of course, in their view, this competition (i.e. more demand than supply) would trigger a huge price increase.

This is your tweet:

“There are more than 50 million millionaires in the world.

Imagine when each of them decides that they must own at least ONE Bitcoin.

But there will always be only 21 million Bitcoin

It’s not even enough for half of them.

A gigantic price increase is only a matter of time”.

There are more than 50 million millionaires in the world.

Imagine when each one of them decides they should own at least ONE #Bitcoin

But there will ever be only 21 million #Bitcoin

No enough for even half of them.

A gigantic price increase is just a matter of time.

— Nayib Bukele ???????? (@nayibbukele) January 31, 2022

It is worth noting that despite Bukele’s efforts, criticism of the investment made by El Salvador in Bitcoin have come from a variety of sources. For example, an international agency such as the International Monetary Fund, IMF, is convinced that the adoption of the cryptocurrency is a big problem for El Salvador, since it “involves major risks to financial and market an area or arena, online or offline, in which commercial dealings are conducted. integrity, financial stability and consumer protection.” A few days ago the agency asked the country cease to be considered legal tender.

Bitcoin has a current price tag of around USD $37,000, according to Cryptomarkets much lower than the price at which El Salvador purchased most of the bitcoins that he currently owns.

Fuentes: Twitter, archivo, Zycrypto

Version of DiarioBitcoin

Imagen de Unsplash

Tags: argumentoAumentobitcoinBukelemillionairesSalvadortwitter
ShareTweetPin

Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

Related Posts

bitcoin brasil
Bitcoin

NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

May 17, 2022
evento btc
Adoption

There will be a large meeting of 44 countries on Bitcoin in El Salvador today, announced President Bukele

May 17, 2022
Braga Portugal
Adoption

Portugal: apartment was sold for 3 bitcoins thanks to new regulation in the country

May 14, 2022
Ballenas BTC Pixabay
Bitcoin

Whale with over 1,000 BTC wakes up after 8 years of dormancy and moves amidst the fall that shakes the market

May 14, 2022
reloj-unsplash
Bitcoin

Kiyosaki calls Bitcoin’s fall a positive and anticipates more to come: “Perfect time to get rich”

May 13, 2022
loser-unsplash
Bitcoin

El Salvador, Tesla and MicroStrategy posted losses in the millions during the Bitcoin crash

May 13, 2022
Next Post
bet-unsplash

Gaming and betting company, Entain, invests USD $133 million with an eye on the metaverse

Bitcoin price hovers around USD $37,000 and major altcoins go down on January 31st

Bitcoin news

hate-bitcoin-unsplash-canva

Billionaire Charlie Munger goes against Bitcoin again: “I wish it had never been invented”

December 3, 2021
basura-unsplash-canva

Can you imagine losing $750,000 in Bitcoin? It happened to Wired magazine, but it wasn’t an accident.

December 5, 2021
google-unsplash

Google shut down massive botnet that used the Bitcoin blockchain to spread malware

December 7, 2021
top-crypto-news.org

Recent Posts

  • Spotify tests NFTs and Morgan Stanley suggests sector could be next to fall after UST
  • Investor who lost $2 million in Terra broke into Do Kwon founder’s home
  • NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

© 2021 top-crypto-news.org

No Result
View All Result
  • Home

© 2021 top-crypto-news.org