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El Salvador president addresses bear market concerns with Bitcoin hopium By Cointelegraph



El Salvador president addresses bear market concerns with Bitcoin hopium

El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives.

However, as tensions rise amid falling BTC prices, Bukele decided to share advice for fellow Bitcoin investors that may be concerned about the prolonged bear market.