Bitcoin has now become part of El Salvador\u2019s daily life following the official implementation of the cryptocurrency as a legal tender. Since then, the El Salvador government has pledged to purchase bitcoins and has held up its end of the bargain. Now, every time the price of BTC goes down, the country calls the dip and purchase a significant amount of bitcoin.<\/p>\n
In multiple instances spread through the past couple of months, El Salvador has purchased millions of dollars worth of bitcoin. The country had purchased 100 bitcoins<\/a> during the last bitcoin dip. This time around, El Salvador has taken another opportunity to increase its BTC holdings, adding 150 coins to its coffers.<\/p>\n Related Reading |\u00a0Calls For Tesla To Resume Bitcoin Payments As Mining Reaches 57% Renewable Energy<\/a><\/strong><\/em><\/p>\n Only a week after its last purchase, El Salvador has deepened its bitcoin bet again. The decrease in the value of the digital asset has seen the country taking advantage of the presented opportunity. While a good portion of the market panics and believes that it might be headed into a bear market, El Salvador has gone the opposite way made evident by its BTC purchases.<\/p>\n Once again, President Nayib Bukele had taken to Twitter to announce the purchase which took place on Saturday. Bukele announced to his 3.2 million Twitter followers that the country had bought the dip, purchasing 150 coins at an average price of $48,670, bringing the total loot to approximately $7.3 million.<\/p>\n El Salvador just bought the dip! \ud83c\uddf8\ud83c\uddfb<\/p>\n 150 coins at an average USD price of ~$48,670 \ud83e\udd73#Bitcoin<\/a>\ud83c\udf84<\/p>\n — Nayib Bukele (@nayibbukele) December 4, 2021<\/a><\/p><\/blockquote>\nEl Salvador Calls The Dip<\/h2>\n
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