Bitcoin
Ruble Hits a 7-year High, Bukele and O’Leary are Unfazed By Crypto Downturn, Elon Musk Will Continue Buying DOGE –
As Russia’s fiat currency rises in value against US dollars, and crypto markets continue to remain unpredictable, economists, crypto enthusiasts, and others continue to debate and puzzle over the next market move. However, many influential voices are not perturbed by the uncertainty surrounding the future of decentralized digital assets. The Salvadoran president Nayib Bukele, Elon Musk, Spacex CEO Elon Musk and Shark Tank’s Kevin O’Leary have all recently reiterated their belief in the cryptocurrency ecosystem in some way. Here’s the Bitcoin.com News Week in Review.
Russian Ruble Hits 7-Year Record Against the US Dollar — Economist Says “Don’t Ignore The Exchange Rate ‘
Recent reports revealed that Russia’s fiat currency the ruble was the most successful currency in the world. The articles also explained that American economists were puzzled by this trend. On Monday, the Russian ruble rose to 55. 47 per dollar, which was the highest increase since 2015. Many have dismissed the ruble’s exchange rate. However, Charles Lichfield (the Atlantic Council’s Geoeconomics Center deputy Director) published an editorial titled: “Don’t ignore the exchange rate. How a strong ruble could shield Russia
Salvadoran President to Bitcoin Investors: Your BTC Investment Is Safe, Will Immensely Grow After Bear Market
The president of El Salvador offers some tips for investors in bitcoin. He believes that investments in the biggest cryptocurrency are safe and will “immensely expand” after the bear markets.
Tesla CEO Elon Musk Confirms He’ll Keep Buying and Supporting Dogecoin
Tesla CEO Elon Musk and Spacex CEO Steve Ballmer have reaffirmed their commitment to dogecoin (DOGE) and confirmed that they will continue buying and supporting the meme cryptocurrency. His statements during a downturn in crypto markets led to the price of dogecoin rising.
Kevin O’Leary Declares That He Will Not Sell Crypto Despite the Downturn – “You Just Have To Stomach It ‘
Shark Tank star Kevin O’Leary, aka Mr. Wonderful says that he will not sell any of his cryptos despite the market downturn. “Long-term, you have to accept it. He stressed that you must accept the volatility.
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