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Benzinga
Benzinga
Business
Baban Mahato

El Salvador's President Predicts 'Gigantic Price Increase' For Bitcoin

The president of El Salvador, Nayib Bukele is going all bullish on Bitcoin (CRYPTO: BTC) despite a recent lull in price action. At the time of publication, Bitcoin was trading at $37,227, down 1.96% in the last 24 hours. At present prices, Bitcoin is down 45.89% from all-time highs of $69,000.

Bukele took to Twitter on Monday to predict that Bitcoin (BTC) will ultimately see a “gigantic price increase” due to its limited supply of only 21 million digital coins.

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