“The key is not to listen to them,” President Nayib Bukele wrote in X, using the expression to present the excerpt of a video where he talks about the bitcoin treasure that El Salvador possesses.
In his message, the president addressed his opponents, strongly questioning the position they have maintained during these years, against your plan with digital currency.
He referred particularly to the unrealized profits that the country has obtained in recent months thanks to its investment in bitcoin, which already They are estimated at more than more than 300 million dollars (almost 130% of the investment).
Recognizing the success achieved in implementing his plan with bitcoin, Bukele criticized to his opponents and his recurring behavior of question all your decisions. «Now they come to tell us what we should invest the profits in. “If we should use them in this or that…”, says the president.
These are profits that were obtained mainly following the strategy to buy when it goes down the price (buy the dip or buy the dip), and then wait for the asset to rise and make profits. It is one of the most common ways used by traders when investing in BTC and that the Salvadoran president also applied.
It is usually effective based on the long-term revaluation that characterizes BTC, a trend that accelerated in these months by exceeding USD 100,000.
However, as it is a strategy that requires patience and takes time, Bukele He recalled the criticism that was made of his planwith many opponents insisting that the country was losing money.
They do not apologize for telling lies and since they see that instead of losing 300 million dollars, we gained 300 million dollars, they are incapable of saying that it was a good idea to invest in bitcoin. Now they changed the attack. But you didn’t believe in those bitcoin profits!
Nayib Bukele.
The president remembers that it all started in 2021, when he decided to declare BTC as legal tender, a time when “they scared people by telling them that we were going to take away his dollars«.
«We repeated many times that we were not going to do it. We always pointed out that those who wanted to use bitcoin could do so and those who did not had no problem. “What was demonstrated with facts,” explains Bukele, pointing out that in the country the use of BTC It has always been optional.
He then says that the opposition discourse has always been against the use of digital currency, and that they even pointed out that bitcoin did not exist and that it was “a casino.”
In this way, he used El Salvador’s successful experience with bitcoin to make an analogy with gold resources that were recently discovered and that the government plans to exploit.
As CriptoNoticias reported, last November it was revealed the existence of a gold deposit in Salvadoran territory, which was cataloged by the president as “a gigantic treasure under our feet.”
“There are 50 million ounces of gold, which at current value would represent more than 130 billion dollars, equivalent to 380% of the country’s Gross Domestic Product (GDP),” he said.
The idea is to use these resources to create jobs and improve the country’s infrastructure. «But again we face criticism. It will happen like it happened with bitcoin, and in the end we will be successful,” Bukele decreed.
