The President of El Salvador, Nayib Bukele (Nayib Bukele) once again bought on dips and invested more than $5 million in Bitcoin when the price fell below $54,000 on Friday.
In a tweet on Friday, the President of El Salvador Said He bought 100 Bitcoins (Bitcoin) After the global market sell-off in response to the new COVID-19 variant found in South Africa.According to the data from Cointelegraph Markets ProSince reaching the historical price of $69,000 on November 10th, Bitcoin has fallen by more than 20%, reaching $54,343 at the time of launch, and has fallen by 8% in less than 24 hours.
Salvador just bought the dipping sauce.
Get 100 extra coins at a discounted price #Bitcoin
-Nayib Bukele (@nayibbukele) November 26, 2021
Buckler was the first to announce El Salvador will make a major BTC purchase On the eve of the country’s Bitcoin law coming into effect on September 7, 200 BTC was purchased at a price of approximately US$52,000.He always tweeted about the government Buy coins during a period of falling prices, Before the most recent purchase, the country held 1,120 BTC. With the addition of 100 coins on November 26, El Salvador’s holdings of BTC were worth approximately $66.3 million at the time of publication.
Since the first announcement of legislation aimed at making El Salvador’s Bitcoin legal tender in June, Bukele has proposed several initiatives around adoption and mining in the country.The government has begun to build infrastructure to support the state-issued Bitcoin wallet Chivo, and recently announced Plans to launch its own Bitcoin City At the bottom of the volcano, it was initially funded by $1 billion in Bitcoin bonds.
related: El Salvador will use the surplus of the Bitcoin Trust Fund to establish 20 “Bitcoin Schools”
Many Salvadorans oppose crypto initiatives, especially against Bukele and Bitcoin.In September, residents marched through the capital Destroyed one of the Chivo kiosks The remains were also defaced with anti-BTC signs and signs.The country’s people’s resistance and rebellion block and groups of retirees, veterans, disabled pensioners and others The workers also demonstrated Violation of Bitcoin law.
