1107: EL SALVADOR TO BUY ONE BITCOIN EVERY DAY: PRESIDENT BUKELE!!

Bitcoin News Alerts | Daily BTC Macro Signal

Bitcoin News Alerts

Investing, Business

3.8 • 637 Ratings

🗓️ 18 November 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one Bitcoin every day, starting today.

The move to dollar-cost-average (DCA) into bitcoin (BTC) is common in the community, however novel for a nation state.

Currently, the country holds a Bitcoin treasury of 2,381 BTC, valued at over $39 million. Bukele has made a habit in the past of making large purchases of the king crypto (BTC) during times of market volatility and buying the dip (BTFD).

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Transcript

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