BitcoinWhile the rally that extended up to $64,000 pleased both retail and institutional investors, investors BTC profits also increased.
While El Salvador is one of the institutional investors whose BTC profits increased. El Salvador President Nayib Bukele recently said that the country’s BTC portfolio gained 40 percent in value with the recent rise.
Referring to those who criticized his and his country’s Bitcoin decision with this post, Bukele stated that they would not sell BTC and would continue to accumulate it.
While Bitcoin maximalists shared Bukele’s joy, Bitcoin haters like Peter Schiff cast a shadow.
Commenting on Bukele’s post, gold advocate Peter Schiff challenged Bukele to make these gains real and said, ““Talk about those profits after you sell and realize your profits.” said.
Bukele silenced Schiff and responded to his comment with a dismissive tone, ““cry more” said.
Cry harder 😘 https://t.co/t8oSk9WUjo
— Nayib Bukele (@nayibbukele) February 28, 2024
As you may remember, Peter Schiff recently targeted Bitcoin and implied that BTC’s rise would not be permanent.
Schiff on this “There is an old saying that markets take the stairs up and the elevator down. However, the situation is a little different in Bitcoin. “Bitcoin rides the elevator up and then it jumps.” said.
*This is not investment advice.
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