World News: Bukele steps up El Salvador’s bet on sliding bitcoin; buys another 150 coins – Gulf Digital News
- Date: 05-Dec-2021
- Source: Gulf Daily News
- Sector:Financial Markets
- Country:Middle East
World News: Bukele steps up El Salvador’s bet on sliding bitcoin; buys another 150 coins – Gulf Digital News
El Salvador President Nayib Bukele said the Central American country had acquired an additional 150 bitcoins after the digital currency's value slumped again, enlarging his bet on the cryptocurrency despite criticism.
Bitcoin, the world's biggest and best-known cryptocurrency, is down about 30% from the year's high of $69,000 on Nov. 10. Bukele said last week that El Salvador had acquired 100 additional coins to take advantage of the currency weakening. read more
Late on Friday, Bukele announced the government had stepped into the market again.
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