While the rally in Bitcoin 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 enemies such as Peter Schiff overshadowed it.
Commenting on Bukele's post, gold advocate Peter Schiff challenged Bukele to make these gains real and said, “Talk about these profits after you sell and realize your profits.” said.
Bukele silenced Schiff and responded to his comment with a dismissive tone, telling him to “cry more.”
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.
“There's an old saying that markets take the stairs up and the elevator down. But with Bitcoin it's a little different. Bitcoin takes the elevator up and then it jumps,” Schiff said. said.
*This is not investment advice.
