{"id":508948,"date":"2022-11-17T23:00:23","date_gmt":"2022-11-17T23:00:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=508948"},"modified":"2024-06-11T13:03:00","modified_gmt":"2024-06-11T13:03:00","slug":"el-salvador-president-says-country-will-buy-1-bitcoin-a-day","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/el-salvador-president-says-country-will-buy-1-bitcoin-a-day\/","title":{"rendered":"El Salvador President Says Country Will Buy 1 Bitcoin A Day"},"content":{"rendered":"

Since the bitcoin price decline began, El Salvador and its president Nayib Bukele have basically been put under a microscope. The country\u2019s bitcoin plan had seen it buy more than 2,300 BTC but the bear market had wiped a significant portion of the value from their holdings. Nevertheless, Bukele has not backed down on his stance that bitcoin would be good for the country\u2019s future and said El Salvador will continue to buy bitcoin.<\/p>\n

1 Bitcoin A Day<\/h2>\n
Despite more than $60 million in value being wiped off the El Salvador bitcoin holdings, Nayib Bukele says the country is going to continue buying BTC. In a recent tweet, the president explained that there is a new strategy for accumulating bitcoin for the country.<\/p>\n
Related Reading: SHIB, XRP Show Strength As Crypto Market Begins Recovery<\/a><\/div>\n
According to him, El Salvador is going to start buying 1 bitcoin a day. As for when this will begin, the president explained that it will go into effect on Friday, Nov. 18. There was no timeline for how long this will run for in the tweet.<\/p>\n
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We are buying one #Bitcoin<\/a> every day starting tomorrow.<\/p>\n
— Nayib Bukele (@nayibbukele) November 17, 2022<\/a><\/p><\/blockquote>\n