El Salvador President Nayib Bukele is trying to restore confidence in Bitcoin (BTC) after the FTX collapse.
With the bankruptcy of FTX, one of the world’s largest cryptocurrency exchanges, in order to alleviate the anxiety Nayib Bukele, President of El Salvador, shared, “FTX is the opposite of Bitcoin.” made statements.
Bukele said on Twitter on 14 November. in sharing made the following statements:
Bitcoin is the opposite of FTX. It was created to thwart Ponzi schemes, bank smugglers, WolrdCom, Sam Bankman-Fried. Some understand this, but some don’t yet.
According to the prospectus, its main purpose build a secure payment method Bitcoin’s investors, who are uneasy it is moving.
The possibility of losing the entire BTC reserve of the country in the FTX incident scared the citizens of El Salvador. However, Binance CEO Changpeng Zhao (CZ) said that he had spoken to the president of El Salvador and that the funds were not kept in FTX.