- El Salvador has purchased additional 150 bitcoins.
- In total, the country’s treasury now possesses 700 bitcoins.
- President Nayib Bukele announced the news amid widespread market FUD.
Despite current market FUD, El Salvador President Nayib Bukele announced that the country has purchased additional 150 bitcoins. With the addition of the mentioned coins, the country now holds a total of 700 BTC in its national treasury.
President Bukele backed up his tweet, saying “they can never beat you if you buy the dips.” He also added that it is “presidential advice”.
BTC/USDT 1-day chart (source: TradingView)
The crypto market has suffered a massive dip today, due to news that caused widespread FUD. For instance, global regulatory issues from the US and China caused worries. Additionally, Turkey announced that it would rather use its own currency than crypto.
At the time of writing, Bitcoin price is at $43.721.47, according to CoinGecko.
Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.