Bitcoin Is Safe And Will Grow, El Salvador President Says, As He Calms His Pe...
President Nayib Bukele of El Salvador is attempting to calm the fears of his people following the current decline in the value of Bitcoin and other cryptocurrencies. The price of BTC had a dramatic decline last week, going below $18,000 for the first time since 2020. As of the time of writing, Bitcoin was trading at […]
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The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will “immensely grow” after the bear market.
El Salvador’s President on Bitcoin Investments
The president of El Salvador, Nayib Bukele, has spoken up about bitcoin investments amid BTC’s heavy sell-off.
El Salvador has purchased 2,301 bitcoins since the country made BTC legal tender alongside the U.S. dollar in September last year. With the price of bitcoin plunging, El Salvador’s BTC investment has....
As tensions rise amid falling BTC prices, President Nayib Bukele decided to share advice for fellow Bitcoin investors that may be concerned about the prolonged bear market. El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However, as tensions rise amid falling BTC prices, Bukele decided to share advice for....
El Salvador President Nayib Bukele declared the country’s largest Bitcoin purchase to date in the middle of a terrible cryptocurrency market fall. He announced it in a tweet on Monday, saying, “El Salvador just bought the dip!” “Average price of $30,744 for 500 coins.” El Salvador Buys 500 BTC According to a tweet from President […]
El Salvador has doubled down on its bitcoin commitment despite a heavy sell-off in the crypto market. The country has bought 80 more bitcoins, according to Salvadoran President Nayib Bukele.
El Salvador Bought the Bitcoin Dip
The president of El Salvador, Nayib Bukele, announced Thursday that his country has bought 80 more bitcoins. At the time of writing, BTC is trading at $20,323. It fell to a low of $18,784 shortly before Bukele announced the purchase. The Salvadoran president said El Salvador bought bitcoin at $19,000 each.
As the price of....
Not minding the oppositions and criticisms concerning the Bitcoin Law, the President of El Salvador is moving to implement the Bitcoin law come September. Nayib Bukele, El Salvador’s President, opens up to the upcoming Bitcoin Law implementation plans on September 7th. Bukele also talked about Chivo Wallet Application ready for download on the very same […]