cryptopotato.com
El Salvador’s president took it to Twitter to announce that the country will resume its $BTC buying spree as of tomorrow.
Interestingly, Tron’s Justin Sun quickly followed up, saying his blockchain project will do the same.
- Although 2022 has been a rough year for the cryptocurrency market, with many inside and outside factors pushing prices and sentiment south, El Salvador seems determined to continue with its pro-bitcoin strategy.
- The country, which recently celebrated one year of adopting $BTC as a legal tender, will begin purchasing one bitcoin per day as of tomorrow, said Nayib Bukele.
We are buying one #Bitcoin every day starting tomorrow.
— Nayib Bukele (@nayibbukele) November 17, 2022
- So far, the small Central American country has accumulated 2,381 $BTC. Given what has happened with the asset’s price in the past year or so, El Salvador is down big time on its investment, at least on paper.
- The country was briefly involved with the ongoing FTX saga, with some rumors claiming that it held its $BTC on the fallen crypto exchange.
- However, Bukele refuted the reports shortly after in a conversation with Binance CEO – Changpeng Zhao.
- Bukele’s promise from today was quickly “echoed” by Tron’s Justin Sun, who responded, “we will also buy one bitcoin everyday starting tomorrow.”