El Salvador President Nayib Bukele’s new Bitcoin Strategy! It seems that the first country to adopt BTC as legal tender has not changed its mind.
The Salvadoran president took to Twitter to announce that the country will resume BTC trading starting tomorrow. Interestingly, Tron’s Justin Sun soon followed, saying that his blockchain project would do the same.
Although 2022 has been a difficult year for the cryptocurrency market, with many internal and external factors raising the price and influence in the south, El Salvador seems determined to continue its pro-bitcoin strategy him. The country, which celebrated one year of accepting BTC as legal tender, will start buying one bitcoin per day from tomorrow, Nayib Bukele said.
So far, the small Central American city has collected 2,381 BTC. Considering what happened to the price of property in the last year or so, El Salvador has fallen significantly in its investment, at least on paper. The country had a short time with the ongoing FTX saga, with some rumors claiming that it was holding its BTC in a failed crypto exchange.
However, Bukele denied the news soon after in a conversation with Binance CEO – Changpeng Zhao. Bukele’s promise today was quickly “picked up” by Tron’s Justin Sun, who replied, “and we will buy one bitcoin a day starting tomorrow”.
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