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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 Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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