El Salvador's bitcoin-friendly President Nayib Bukele has an advice to all Bitcoiners as the cryptocurrency ecosystem has continued to take a deep dive down.
Over the weekend, the price of Bitcoin slumped further from its earlier 18-months low to $17,708.62. With the price of Bitcoin going below what was earlier envisaged, altcoins like (ETH), Solana (SOL), Binance Coin (BNB), and Cardano (ADA) amongst others also saw multi-year lows, signalling a full-blown crypto winter.
With this bearish outlook in place, Nayib Bukele took to Twitter and asked his followers with interests and investments in Bitcoin to forget about the charts and explore other things. Per his words:
“I see that some people are worried or anxious about the #Bitcoin market price. My advice: stop looking at the graph and enjoy life. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market.”
Those who have been following events in the space will recall that El Salvador under Nayib Bukele became the first country to and make it a legal tender on its shores back in 2021. Since then, , with a lot of other proposed projects anchored on Bitcoin.
While Bukele is amongst those reeling from the current fall in the price of Bitcoin, he added in the tweet that “patience is the key” to getting the most out of any investment that one may have in Bitcoin or other altcoins at the moment.
The current collapse of crypto prices has stirred quite a number of ugly operational incapabilities among crypto entities. , , and Three Arrows Capital (3AC) are amongst the few companies of the ongoing crypto market price slump.
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