Nayib Bukele: "Participants of the crypto market need to be patient"

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President of El Salvador Nayib Bukelecalled on the cryptocurrency community not to panic amid the falling market. According to him, the fall is quite standard and market participants need to be patient.

Nayib Bukele, ardent supporterbitcoin, decided to share advice with the cryptocurrency community, some of whose members clearly succumbed to panic amid the falling market. According to him, there is nothing wrong with the fact that the Bitcoin rate fell below $20,000 for the first time in a year and a half.

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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 grow immensely after the bear market.

Patience is the key.

— Nayib Bukele (@nayibbukele) June 19, 2022

“I see that many are worried and veryreact nervously to the Bitcoin market rate. My advice: stop staring at charts and enjoy life. If you bought bitcoins, then your investment is safe. And after the end of this bearish cycle, the BTC rate will rise powerfully. Patience is golden,” Bukele tweeted.

The El Salvadoran President's advice received mixedcommunity reaction. Many noted that the country purchasing Bitcoin is in a “pretty negative” since the vast majority of BTC was purchased at a significantly higher price. Other users called on Bukele to finally launch the promised Bitcoin-backed bonds. Now, in their opinion, is a great time for this.

The Minister of Finance also joined the discussionSalvador Alejandro Zelaya. According to him, current losses have not been recorded, so the country has not yet lost anything. However, the floating loss on BTC investments is around $40 million.

Previously, Zelaya emphasized that the fall of the cryptocurrency market would not affect the state’s economy in any way.