El Salvador purchases 410 more Bitcoins, do you agree with president's actions?
El Salvador bought 410 bitcoin for $15 million Friday, the country's President Nayib Bukele said on Twitter.
Some guys are selling really cheap.”
He added in his tweet.
The nation now holds over 1,500 BTC and plans to issue a $1 billion, 10-year bitcoin bond this year. Bukele has been a consistent dip buyer over the past couple of months in a sign of confidence in the cryptocurrency's long-term prospects. Bitcoin officially became legal tender in El Salvador last September, three months after the country's legislature passed the Bitcoin Law.
The bitcoin price is down 19% in the past seven days – the cryptocurrency's worst weekly performance since May 2021, more than $1.5 billion of bitcoin trading positions were liquidated over the past three days due to margin calls.
What do you think of Salvadoran President Nayib Bukele's purchase of Bitcoin, and do you agree with him? Are you bullish on bitcoin or bearish on bitcoin? Let's discuss in the comments section!
Source: CoinDesk
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Crypto news and opinion. ༼ つ ◕_◕ ༽つ Crypto enthusiastic (Not a financial advisor)
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617319818491 : Good luck president.
搞经济 抄底 加仓 : Tanker![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Hiroumi : Not sure if anyone will buy his bond![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
OptionDan : ya is all about keeping investing
TradeView : Become MacD guy soon..GG
Tiggerpepper : Yeah
RileyIsaiah : I wish I could trade option some contracts from btc at this moment would’ve made millions myself off these sells haha
RileyIsaiah : I would buy his bond
hgar : can i buy puts on a country?
Dogman Real Ape Shit : I think he sees a better opportunity for the country and being that I’m from El Salvador he’s taking a big gamble but when a Third world country is in your news I think he is swinging for the bleachers Go Bukele I respect and admire his strength maybe a gamble but better than not even playing
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