Did Miss El Salvador cause the Bitcoin price to spike last night?

[maydna]

I never imagined that it was Miss El Salvador wearing a dress with her bitcoin logo driving the bitcoin price. It's accidental and seems related. I also don't know what caused the current bitcoin price to break above $ 20k. But it looks like this is just the beginning because we will see the market still recovering from its old state and will make price movements that we have never seen before. So it's best not to be too curious about what makes bitcoin prices go up but just enjoy this moment because we will see it fly even higher.

[spectre71]

no, but she caused me to spike

[AmoreJaz]

I never imagined that it was Miss El Salvador wearing a dress with her bitcoin logo driving the bitcoin price. It's accidental and seems related. I also don't know what caused the current bitcoin price to break above $ 20k. But it looks like this is just the beginning because we will see the market still recovering from its old state and will make price movements that we have never seen before. So it's best not to be too curious about what makes bitcoin prices go up but just enjoy this moment because we will see it fly even higher.

 i am more on the side about the news of ftx recovering about $5B of assets. making some crypto investors gain their trust to the market. with ms el salvador wearing btc logo, i believe not many people have seen her. but in any case, that's a good promotion for btc also. it also shows that their contestant is well aware of their country's position towards btc market.

[landheer]

In my opinion, of course, there are many factors that cause the price of bitcoin to rise, one of which could be because of Miss El Salvador, who is wearing a bitcoin costume, and that causes people to become interested in bitcoin, but of course there are many factors that make bitcoin rise, including what I know, namely because we have sitting in the bear market for too long and I think in 2023 now is the time to move towards the bull market.

[maydna]

I never imagined that it was Miss El Salvador wearing a dress with her bitcoin logo driving the bitcoin price. It's accidental and seems related. I also don't know what caused the current bitcoin price to break above $ 20k. But it looks like this is just the beginning because we will see the market still recovering from its old state and will make price movements that we have never seen before. So it's best not to be too curious about what makes bitcoin prices go up but just enjoy this moment because we will see it fly even higher.

 i am more on the side about the news of ftx recovering about $5B of assets. making some crypto investors gain their trust to the market. with ms el salvador wearing btc logo, i believe not many people have seen her. but in any case, that's a good promotion for btc also. it also shows that their contestant is well aware of their country's position towards btc market.

Perhaps, the news of FTX recovering its assets gives investors confidence, but that's just our guess because I'm sure other things can really push the bitcoin price to go up. But yesterday's Miss El Salvador shirt became a bitcoin promotion because many viewers were watching the show, although I don't think that was the reason. But whatever causes the price of bitcoin to rise, we must be grateful because it can pass $ 20k, especially since the increase is on the weekend, when the price usually experiences a correction.

[Republikcoin.com]

In my opinion, of course, there are many factors that cause the price of bitcoin to rise, one of which could be because of Miss El Salvador, who is wearing a bitcoin costume, and that causes people to become interested in bitcoin, but of course there are many factors that make bitcoin rise, including what I know, namely because we have sitting in the bear market for too long and I think in 2023 now is the time to move towards the bull market.

The influence of Miss El Salvador on increasing the price of Bitcoin does exist, moreover there in El Salvador Bitcoin has become a legal asset for payment and the government itself is still making new things related to Bitcoin for the development of Bitcoin there and this can also be a an example for other countries in the world.

But for another thing, because there has been little bad news that was born this month, the price increase has started to occur because people who want to buy Bitcoin are more confident and no longer experience panic.

[MarjorieZimmermanGinger]

El Salvador has indeed seen Bitcoin as a very serious asset long ago and never cared about the words of other people who might only scare them through the level of risk that the country will face. And after the successful adoption of Bitcoin in El Salvador, recently or to be exact in the last three days, El Salvador has approved a law that will govern the issuance of other digital assets by both the state and private entities.

The bill, backed by lawmakers from the ruling party allied to President Nayib Bukele, aims to attract national and foreign investors while creating new financing opportunities for citizens, companies and the government. Source: https://www.aljazeera.com/news/2023/1/12/el-salvador-passes-law-on-cryptocurrency-transfers

El Salvador does face the risk of adopting bitcoin, starting from the protests of several residents there and also the world bank who refused a request to help El Salvador make bitcoin a legal tender, but because Nayib Bukele saw the great potential in bitcoin, the adoption went well. This is evidenced by the success they achieved in making a big decision to take steps to adopt bitcoin as a legal tender. Conversely, after this adoption occurs, their income from the tourism sector is also increasing every day.

This is a refinement or additional from the previous law, because in 2021 El Salvador has also effectively implemented the Bitcoin Law as a legal means of payment. The addition of this law will also make it easy for investors to enter there, so that this effort is better and effective.

[bitzizzix]

In my opinion, of course, there are many factors that cause the price of bitcoin to rise, one of which could be because of Miss El Salvador, who is wearing a bitcoin costume, and that causes people to become interested in bitcoin, but of course there are many factors that make bitcoin rise, including what I know, namely because we have sitting in the bear market for too long and I think in 2023 now is the time to move towards the bull market.

The influence of Miss El Salvador on increasing the price of Bitcoin does exist, moreover there in El Salvador Bitcoin has become a legal asset for payment and the government itself is still making new things related to Bitcoin for the development of Bitcoin there and this can also be a an example for other countries in the world.

But for another thing, because there has been little bad news that was born this month, the price increase has started to occur because people who want to buy Bitcoin are more confident and no longer experience panic.

Yes, if Miss El Salvador can influence the increase in the price of bitcoin, I think there must be an influence because she is the first country to legalize bitcoin, so most people buy and use bitcoin for various purposes including investment.
and previously the decline in the price of bitcoin was caused by many factors and the strongest of them was the FTX factor, and now many investors and all users are smart because they are not affected by negative news about bitcoin, because they realize it is only temporary and learn from the past.
And they also take advantage of the decline as their opportunity to buy or collect more bitcoins, but don't get too excited and have to be careful because the decline in bitcoins will still occur due to several factors that we will never know.