'Patience Is The Key': Bitcoin-Bullish El Salvador President Nayib Bukele Has This To Say To Investors

Bukele took to Twitter to offer a piece of advice for people who are “worried or anxious about the Bitcoin market price.”

El Salvador President Nayib Bukele is a staunch supporter of Bitcoin and other cryptocurrencies.

Bitcoin (BTC) had a terrible weekend as its price dipped below $18,000 on Sunday. Given the debacle the world’s oldest and most valued crypto faced, the overall crypto market saw an adverse effect as well, with the global crypto market cap sinking below $850 billion, dipping from over $3 trillion in November 2021. However, Nayib Bukele, the president of El Salvador and a staunch supporter of Bitcoin asked investors to have patience, saying that BTC value will grow “immensely” after the market recovers.

On June 19, Bukele took to Twitter to offer a piece of advice for people who are “worried or anxious about the Bitcoin market price.” He wrote, “My advice: stop looking at the graph and enjoy life. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market.”

I see that some people are worried or anxious about the #Bitcoin market price.

My advice: stop looking at the graph and enjoy life. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market.

Patience is the key.

— Nayib Bukele (@nayibbukele) June 19, 2022

In 2021, El Salvador became the first country to legally adopt Bitcoin as a legal tender, alongside the US dollar.

ALSO SEE: EXPLAINED | El Salvador’s Bitcoin City: What Is It? How Will It Benefit Citizens? Can You Invest?

Bukele’s advice came at a time when the overall crypto market actually started showing signs of recovery. On Monday, Bitcoin price saw a gain of over 10 percent, inching closer to the $20,000 mark. At the time of writing, BTC price stood at $19,945.75, as per CoinMarketCap data.

ALSO SEE: 'Dogefather' Elon Musk Says He Will Keep Supporting And Buying Dogecoin

Several other cryptos also saw a considerable gain on Monday, with Dogecoin (DOGE) seeing a massive boost, mostly thanks to Tesla CEO Elon Musk’s tweet where he said that he will continue supporting and buying DOGE. Musk also said that DOGE payments may soon be supported for buying Tesla and SpaceX merchandise.