El Salvador’s president said on Twitter that the nation bought the dip in bitcoin as the cryptocurrency plunged

El Salvador’s president said on Twitter that the nation bought the dip in bitcoin as the cryptocurrency plunged

El Salvador's president Nayib Bukele doubled down on his national bet as a sudden price crash threw the country's rollout into chaos. As El Salvador took the bitcoin plunge on Tuesday, the price of the volatile cryptocurrency did the same, . But that didn't stop Bukele from buying the dip to the tune of 150 bitcoin, as he announced in a . "150 new coins added," he tweeted with the hashtag #BitcoinDay. Bukele then thanked the International Monetary Fund, which has been critical of his crypto ambitions, for the dip. Analysts have . "We saved a million in printed paper," he added. The country now holds 550 bitcoin on top of a . Yet Bukele's triumphant tone was quickly eclipsed by events. of service outages on the government's new Chivo digital wallet forced Bukele to pull it offline to scale up server capacity. Other users reported issues signing up or unexplained fluctuations in their displayed account balance, according to the Wall Street Journal. Glitches aside, companies in El Salvador appear to be getting slowly on board with the bitcoin rollout, with now accepting bitcoin payments in the country. One bitcoin writer retweeted by Bukele posted a picture of his bitcoin-purchased