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War Of Words Between Peter Schiff And Nayib Bukele Goes Hot On Twitter After El Salvador Purchased Bitcoin Dip On December 4

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El Salvador President Nayib Bukele defended Bitcoin against longtime critic Peter Schiff, saying it is more rewarding than gold.



On Dec 4th when the Bitcoin market fell, El Salvador President Nayib Bukele announced that his country again bought BTC at dip:

 

In a response to Bukele’s tweet founder of Euro Pacific Asset Management, Bitcoin critic, and strong supporter of gold Peter Shiff blasted Bukele’s decision by asking, “There are many more lows to come. How much taxpayer money do you intend to waste?”

Nayib Bukele replied to Peter Shiff by saying “None” and informed him that El Salvador has gold reserves valued at nearly $80million. He added that his country is a loss by holding gold, while the same amount of Bitcoin would have increased nearly 160% over the same period.

Peter Didn’t stop and said that let’s see how much you will remain in green:

“You’re in the green for now. Let’s see how long it lasts.”

Peter also heavily criticized Bitcoin supporters for claiming Bitcoin as a better store of value.

 

 

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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