BCGAME - Free 5BTC Daily Bonus!On October 15, as the price of bitcoin surpassed $60 per unit, El Salvador’s President Nayib Bukele mocked Johns Hopkins University applied economics professor Steve Hanke over his recent statements. At the time, the well-known economist warned that El Salvador faces “financial ruin” with “Bukele in charge,” after the Salvadoran president bought the bitcoin dip as the price dropped.
Johns Hopkins University professor of applied economics Steve Hanke criticized the Salvadoran president and tagged him in a Twitter post on September 23.
"Nayib Bukele is playing fast and loose with El Salvador’s tax dollars again,” Hanke said. “After bitcoin prices fell to a 6-week low, Bukele bought 150 more coins [and] proudly said that 'We just bought the dip.' With Bukele at the helm, the ELSL faces financial ruin. ”
Meanwhile, the top crypto asset bitcoin (BTC) tumbled into a dip in September, but as the month transitions into October, the BTC price shot. On October 15, Bukele decided to retweet Hanke's September 23 statement and added his own comment. "Were you saying?" Bukele provoked the well-known economist. Since then, BTC has hovered above the $60K price range for the past 24 hours.
The next day, Hanke responded and said: “Yes, I was saying ‘financial ruin.’ Have you checked the price drop in El Salvador’s dollar-denominated bonds since September 7?” Hanke asked Bukele. “As traders say, El Salvador’s bonds maturing in 2023, 2025 and 2029 are ‘in distress,’” Hanke added.
