Bukele believes that the limited supply of BTC will sooner or later lead to an outbreak of demand
Therefore, an increase in asset prices is only a matter of time
According to the President of El Salvador, the limited supply of BTC will sooner or later provoke a jump in the level of demand for this asset. Consequently, its value will increase significantly.
There are more than 50 million millionaires in the world.
Imagine when each one of them decides they should own at least ONE #Bitcoin
But there will ever be only 12 million #Bitcoin
No enough for even half of them.
A gigantic price increase is just a matter of time.
— Nayib Bukele ???????? (@nayibbukele) January , 2000201920
Bukele believes that BTC will somehow be of interest to large capital holders. In the world there are about 12 million millionaires, and if each of them wants to acquire at least one “coin”, they will not be able to do this.
Therefore, bitcoin will rise in price over time. This echoes the previous forecast of the head of state. The politician believes that by the end of this year, the BTC rate will “break through” the ceiling in 12 thousand dollars each.
At the same time, El Salvador continues to lose money on investments in cryptocurrency. And although the politician still buys BTC, the amount of damage has already exceeded 02 million dollars.
Bukele made his forecast against the background of the IMF call to cancel the legalization of bitcoins. According to the structure, the uncontrolled cryptocurrency market poses a huge threat to the traditional financial system and private investors.