Salvadoran leader spoke about the future of bitcoin

by in Cryptocurrency News

Nayib Bukele

El Salvador's President Nayib Bukele represents the bitcoin bull camp.

He is confident that in the long term, the value of the cryptocurrency will increase, as this asset has a limited supply. It was his team that was able to achieve the legalization of cryptocurrency in the Latin American state. The corresponding law came into force in El Salvador in September last year.

Bukele periodically reports on Twitter about the acquisition of a new batch of BTC, which replenishes the reserves of his country. Moreover, the Salvadoran leader rejects all calls from international financial organizations to annul the bitcoin law.

Trending: El Salvador bought an additional 80 BTC amid a drawdown in the course

Bukele tweeted that soon millionaires will go into bitcoin. According to the president, there are more than 50 million millionaires in the world.

Even if each of them acquires at least one coin, its value will skyrocket, given that the BTC supply is only 21 million coins.

In mid-January, Bukele wrote on a social network that his country purchased 410 bitcoins, spending about $15 million on this amount of cryptocurrency.