El Salvador’s President Is Praised By Rep. Nancy Mace

El Salvador has been making a lot of headlines since the nation became crypto-friendly. The president is praised by a lot of people in the crypto space and more.

Check out what rep. Nancy Mace said about him recently in a tweet below.

I applaud the country of El Salvador for their vision and daring to take their future into their own hands. Time will prove @nayibbukele correct and the politicians beholden to central banks wrong.

— Rep. Nancy Mace (@RepNancyMace) March 24, 2022

Someone else said: “Totally agree. Small countries historically beholden to large nations central banking decisions have so much to gain in terms of autonomy and freedom by adopting a bitcoin standard.”

A commenter posted this message in the comments section: “We are building a new country, and we have a great leader. We’re a new generation of public servers, this the time to take big decisions for the future, to our people. Thank you for you support congresswoman 🇺🇸🤝🇸🇻.”

The decisions taken today by the commanders of each country will have an impact tomorrow we pray for El Salvador is going in the right direction we hope USA 🇺🇸 will be great again 🙏 💙

— Howard (@CorveraHoward) May 26, 2022

It’s been just revealed that an important crypto strategist is looking at Bitcoin’s previous bear markets in an effort to predict the end of BTC’s current downtrend.

Pseudonymous analyst Rager has recently said that the length of Bitcoin’s 2014 and 2018 bear cycles suggests that BTC has a long way to go before it can carve a bottom.

“The more you look at prior BTC price history, the more one can think it’s not the bottom. After 190 days from the all-time high, Bitcoin still had another 150 to 200 days until it hit bottom last couple of cycles (red box). If time is any indicator, could be another six to eight months.”