420 more bitcoins - and the investment is already profitable

Von Krypto News Österreich

The President of El Salvador did it again. As a good Bitcoin maximist, the drop in prices was not afraid, and instead of complaining or tweeting that his treasure coin went to 0 $, he only bought Bitcoin, many Bitcoin.

In a tweet that was shared a few hours ago, Nayib Bukele announced that he bought the dip. The purchase of the DIP is an expression that relates to use a bear market to buy a cheap asset during the crash and then to wait as soon as the prices recover.

The President of El Salvador said that he bought 420 more Bitcoin-a meme number associated with the Marihuana community-in another of his many jokes, as to name himself emperor in his country, laser and tweet with hashtags, which are allocated to the most important cryptocurrency in the crypto world.

it was a long waiting time, but it was worth it.

We just bought the dip!

420 new #bitcoin 🇸🇻

- nayib bukele 🇸🇻 (@nayibbukele) 27. October 2021

a profitable investment

There is no way to check the government's wallet, and Bukele did not provide any information about the TXID of the transaction. But the investment already seems to be paid out. Almost an hour after the announcement, the President of El Salvador already browned with the return of his investment.

hahaha, we already make #bitcoin We just bought.

- Nayib Bukele 🇸🇻 (@nayibbukele) 27. October 2021

If so, Bukele would have shown the perfect timing by really buying the dip of the dip. In a later tweet, he adds that all of this is due to a new weighting of the accounts in the country's Bitcoin trust, which enables it to pay off in USD when the Bitcoin price increases.

This realignment made it possible for him to benefit from rising prices to finance public work. Recently, Bukele terminated the construction of a Large animal scratch house which would be paid for with the money from the winnings of the Bitcoin Trust.

El Salvador now has 1120 BTC

despite all the controversy

Despite his authoritarian practices, Nayib Bukele is probably the most popular president of the Bitcoiner community and also his nocoiser. Bukele is often called by maximumists such as Anthony Pompliano or Michael Saylor, and surveys give him an approval of over 80 %, according to data from more than a dozen different surveys, including Cid Gallup , University Francisco Gavidia , La Prensa Grafica .

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70 % of the people in El Salvador are not too happy with the idea of ​​introducing Bitcoin and describing the Bitcoin law as " not wise ". The hurry of the implementation led to intensive anti-bitcoin protests . The fact that BTC broke up by almost 10 % on the day on which the legal means of payment came into circulation.

Despite the losses of more than $ 11 million, the rise of BTC to a new ATH EL Salvador's wallet with a profit of around $ 5 million in the green, even after the recent Bitcoin slump below $ 60,000

With this purchase, El Salvador would hold about 1120 BTC. Not bad for a newcomer.

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