El Salvador Now Owns 550 Bitcoin, President Nayib Bukele Bought The Dip

El Salvador Now Owns 550 Bitcoin, President Nayib Bukele Bought The Dip

After buying 400 bitcoin yesterday, President Nayib Bukele announces they bought the recent price dip and now own 550 BTC.Today, as bitcoin was declared legal tender in El Salvador, the price declined from around $51,000 down to $43,000, and the President of the country announced that they have bought the dip. Bringing their total amount in reserve from 400 to 550 BTC. Joking but also seriously, the President took a jab at the IMF, thanking them for the dip. The IMF is not in support of El Salvador adopting a Bitcoin standard, and it is novel and encouraging the president of a country....

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