Home » El Salvador to Start Buying 1 Bitcoin Every Day Says President Bukele

El Salvador to Start Buying 1 Bitcoin Every Day Says President Bukele

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El Salvadoran President Naive Bukele has announced that the Central American country will begin the purchase. Bitcoin (BTC) every day.

The announcement comes three and a half months after El Salvador last reportedly bought bitcoin in July 2022. Earn 80BTC The coin price is $19,000.

According to data from El Salvador, El Salvador holds 2,381 BTC at an average purchase price of $43,357. buy bitcoins around the worldThis amount is based primarily on when the President announced his Bitcoin investment, but cannot be verified as no public or on-chain records identifying the purchase have been revealed.

The country has reportedly spent about $103.23 million on bitcoin purchases so far. However, since the leading cryptocurrency trades at around $16,500, this means the actual value of that stash is his $39.47 million, a loss of over $63 million.

One of the big names in the crypto industry react quickly In response to Bukele’s announcement, Tron founder Justin Sun said, “Starting tomorrow, I will buy 1 bitcoin every day.”

Where is El Salvador bitcoin address?

Bukele previously said El Salvador, which became the first country in the world to recognize bitcoin as legal tender, had never sold its crypto holdings, but shared the actual wallet addresses associated with previous purchases. I never did.

When he bought 80 bitcoins this summer, the president Shared screenshot only This suggests that El Salvador was using a centralized exchange to execute orders.

Today’s announcement follows Bukele’s earlier comments regarding the FTX saga with the President of El Salvador. Tweet from earlier this week “FTX is the opposite of Bitcoin.”

The Bitcoin protocol was “precisely created to prevent Ponzi schemes, bank runs, Enron, WorldCom, Bernie Madoff, Sam Bankman-Fried… rescues, wealth redistribution,” he said.

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