Bitcoin-Gold Clash Between El Salvador President and “Golden Bug” Peter Schiff

From El Salvador President Nayib Bukele to Peter Schiff, known as the Golden Bug: If El Salvador had sold the gold in its reserves and bought bitcoin last year, it would now be in profit of $125 million.

With the recent decline in Bitcoin, El Salvador’s President Nayib Bukele shared on Twitter that his country’s 150 bitcoins at $48,670 by taking that you bought the “bottom” shared. Peter Schiff, known as the Golden Bug, wrote below the post:More dips are coming. How much taxpayer money do you intend to waste?” commented.

Nayib Bukele on Peter Schiff’s question “None” He shared some information about his country’s gold reserves by answering:

in our reserves 44,106 ounces of gold exists. Compared to a year ago 0.37% with the decline $79 million worth. If we had sold and bought bitcoin a year ago $204 million it would be worth it.

made statements.

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