Presidential Advice: El Salvador Buys 150 Bitcoins Amid Market FUD

El Salvador Buys 150 Bitcoins
  • 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.

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