El Salvador acts on Bitcoin price dip and buys 150 BTC By Cointelegraph – Investing.com
- Date: 21-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
El Salvador acts on Bitcoin price dip and buys 150 BTC By Cointelegraph – Investing.com
Despite warnings from global agencies regarding its adoption of (BTC), El Salvador’s government continues to seize market opportunities.
As the Bitcoin price fell below $46,000 on Monday morning, Salvadoran President Nayib Bukele announced on Twitter (NYSE:) that the country has “bought the dip.” With 150 new coins, the Central American government now holds 700 BTC, worth close to $32 million at the time of writing.
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