The conflict between the anti-crypto-money “Golden Bug” Peter Schiff, whose bank in Puerto Rico was closed in the past days, and Nayip Bukele, the president of El Salvador, sat on the crypto agenda of Twitter.
at the beginning of the week Peter Schiff‘belong to Puerto Rico A bank within its borders was closed. Schiff’s Puerto Rico government as the reason for bank closure statements made against shown. schiffin a statement on the subject “the corrupt Puerto Rican government” blamed.
a passionate gold defender From time to time, Schiff made harsh criticisms about Bitcoin on social media. After the bank closure, Nayib Bukele commented under one of those posts on social media. Schiff said in January that he shared in your post“Bitcoin has failed and losses will continue to increase in the coming period. This year, most big players will choose to sell to reduce their losses. I doubt Saylor and Bukele have enough savings to keep the market afloat.” made his statements.
Bukele was the answer yesterday. “How is your bank doing?” shared it. Below the post Binance CEO CZ There were humorous comments by many users, including
Although at least in the cryptocurrency market this year 70%Although there was a decrease of stocks and US-based in traditional stock markets as long as they haven’t been at low levels they are watching. Inflation has reached the record level of the last 10 years and many well-established companies It has lost at least as much value as Bitcoin. looks. Especially in high inflation and global crisis environments like today, it can be difficult for investors to protect their money.
As in the case of Peter Schiff, central institutions made over your investments and money storage devices always under the shadow of the subordinate central authority being threatened can be said. For these reasons, especially in societies with weak economies, trust in banks is falling and people see cryptocurrencies as a more viable storage medium. In the case of El Salvador, the population without any bank accounts 70%He is known to have a Bitcoin wallet and cryptocurrency investment.