Falling Bitcoin price doesn't affect El Salvador's strategy: 'Now it's time to buy more,' reveals Deputy Dania Gonzalez
Dania Gonzalez, Deputy of the Republic of El Salvador, was recently in Brazil to reveal her country's experiences with the decision to adopt Bitcoin (BTC) as legal tender. Gonzalez’s invitation to Brazil came from digital influencer Rodrix Digital, who was recently in El Salvador to produce a documentary about cryptocurrencies.
Among the lawmaker’s activities in Brazil was attending Bitconf 2022 and meeting with Dape Capital CEO Daniele Abdo Philippi and Ana Élle, CEO of Agency ROE.
Between her agendas, Gonzalez spoke with Cointelegraph and revealed how Bitcoin has helped change people's lives in El Salvador and how the country's federal government, led by President Nayib Bukele, has been taking advantage of the resources invested in BTC to improve the economy.
El Salvador just bought the dip! 500 coins at an average USD price of ~$30,744 #Bitcoin
Asked about El Salvador’s investment in Bitcoin and how it can impact people's lives as the value of BTC is falling, Gonzalez highlighted that every investment has a cost and a benefit.
"What Nayib Bukele did was buy Bitcoins and make a profit at a certain strategic moment,” she said. “In cryptocurrencies there are times when you can make a profit and there are times when you have to invest more. Now cryptocurrency is down, this happens, it's normal, but at this point instead of being sad, instead of thinking that you lost all your investment, it's time to buy more bitcoins because now the price is cheap, that's the strategy.”
According to Gonzalez, El Salvador is already benefiting from investments made in Bitcoin; she cited two ventures — a veterinary hospital and a public school — that were made possible thanks to cryptocurrency. She explained:
"Bukele built a veterinary hospital
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