El Salvador buys 410 bitcoins because BTC falls on the lowest level in months-selected Bitcoin messages

el Salvador bought the dip when the Bitcoin price fell to a record low. President Nayib Bukele said on Friday that his country bought 410 more Bitcoins. The Salvadorian government has bought a total of 1,801 bitcoins since the cryptocurrency in the country has become legal payment.

el Salvador buys the dip

The President of El Salvador, Nayib Bukele, tweeted on Friday that his country had just bought 410 bitcoin for 15 million dollar. After I paid about $ 36,585 per, Coin, wrote Bukele: "Some people sell really cheap."

in the same tweet, Bukele also explained that he did not miss the dip. "No, I was wrong, I didn't miss it," the Salvadorian president wrote in response to his own tweet of January 14th, which says: "I think I missed the break -in this time."

The Bitcoin Prize started a steep decline in over $ 67,000 at the beginning of November, based on data from Bitcoin.com Markets. Bitcoin began at around $ 47,000, but fell on January 8th under $ 41,000. The crypto then slowly climbed again and moved sideways until January 20, when it suffered a severe decline. At the time of the letter, the price of bitcoin is 35.713.02 $.

While Bitcoin moved sideways, Bukele thought that he missed the decline. On January 14th bitcoin fluctuated by $ 43,000.

At the time of writing this article, the Bitcoin price has been almost 8 % in the last 24 hours, in the past seven days by more than 17 % and almost 29 % in the last 30 days. However, it has still increased by 15.4 % for the year.

el Salvador has passed a Bitcoin law Bitcoin Legal payment in September last year. Since then it has been a regular buyer of Bitcoin.

In September last year, El Salvador bought 700 bitcoins. The country also bought 420 bitcoin in October, 100 bitcoin in November and 171 Bitcoin in December . With the last purchase, El Salvador bought 1,801 bitcoin overall.

At the beginning of this month, bukele made predict bullish for 2022 about Bitcoin. The Salvadorian president not only expects the price of Bitcoin to reach $ 100,000 this year, but also provides for two other countries that will take over Bitcoin Bitcoin as a legal means of payment. He also said that the Bitcoin City in El Salvador will start building in the course of the year and that the country's volcanic bonds will be exaggerated.

What do you think that El Salvador buys the dip again? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

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