I also see the activities of the president of El Salvador in favor of BTC. Since this market has received more interest, many people have invested many assets in it. Basically, from 2022 to the present, we see its decline and the losers who have invested in this phase may be going through the loss phase, but we are just looking at them from the perspective of others. In a time period that we limit, is it convincing as to whether they have failed or not? Who knows when they will sell them? Perhaps I think a long-term investment is here when they see opportunity and potential for future price increases rather than a short-term cycle term. Whether in 10 years' time we repeat this issue, 10 years ago someone bought BTC with pizza or forgot it and looked at the current value.
I agree that maybe it hasn't been paying off really well for the time being and that could cause him some votes there is no denying that, maybe he will lose next elections if things go like this and maybe if he loses and someone else comes, they will sell off with a loss and get out, I do not know. But I am 100% certain that there is a good amount of people who loved this news because we have seen a president of a nation got into crypto with the money he made from the taxes that citizens paid. This is why I believe that this is such a great situation to be in.
I believe that the best thing we could do right now would be supporting them, and helping people understand that the drop is a short term one and president still did something good for the future of his nation, not gonna work today, but will be beneficial for all El Salvador in the future.