FX.co ★ Nayib Bukele and Michael Saylor continue to advise buying bitcoin.

Nayib Bukele and Michael Saylor continue to advise buying bitcoin.

Nayib Bukele and Michael Saylor continue to advise buying bitcoin.

In previous articles, we have already figured out why bitcoin is likely to continue its decline. However, it should be noted that not everyone adheres to this point of view. In our articles, we have repeatedly touched upon various "crypto experts" who can be awarded the title of "stability of the 21st century". Because they always advise investing in bitcoin, whatever the price. One of these people is the CEO of the world-famous MicroStrategy company Michael Saylor. At the same time, his company gained fame not thanks to the development of analytical software, but thanks to crazy investments in bitcoin. After all, MicroStrategy is the largest legal holder of bitcoin in the world. The company even managed to invest borrowed funds, and Saylor himself always advised buying the main cryptocurrency in the world. As it turned out, he has not changed his mind now. In an interview with CNN, he stated that bitcoin is "a lifeboat during a storm." Michael believes that bitcoin will save capital in times of global uncertainty and rising inflation. The fact that bitcoin is already going down with all the boats, like the Titanic, is not taken into account. The fact that inflation will decline sooner or later, thanks to the actions of the Fed, too. Also, Mr. Saylor said that bitcoin is not a "bubble", it can be stored for life and passed on to the next generations, and his company is not going to sell a single "bitcoin". From our point of view, this is a very effective and new strategy to attract investors.

It should be noted that in no case do we oppose the purchase of any cryptocurrency. You just need to do it either at minimum price values to minimize risks or on an upward trend. Now neither the first nor the second is observed, so giving advice now to buy bitcoin, in our opinion, is incorrect. Another person who always advises buying BTC is the President of El Salvador, Nayib Bukele, who a year ago conceived the idea of building a "Bitcoin City", and also began issuing bonds for bitcoin investments. Both brilliant ideas have not yet been realized, and the country, which lives on the verge of poverty, regularly asks for loans from the IMF. Probably to buy more bitcoins. The legalization of bitcoins for payments within the country has also not found mass approval, since residents do not understand why they need bitcoin when there is a stable US dollar? Nevertheless, Bukele invested budget money in the purchase of 2,300 bitcoins, so you need to "make a good face at a bad game." According to the President of El Salvador, there is no need to look at the bitcoin chart at all, you just need to enjoy life. Meanwhile, bitcoin has already depreciated by more than 2/3 compared to the peak value reached 7 months ago. For 7 months – minus 65%. "A very stable asset."

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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