El Salvadaor bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter.“Some guys are selling really cheap,” he added in his tweet. It is difficult to verify such claims on the public blockchain, since a buyer of a block of BTC that size would almost certainly have to buy it in smaller chunks to avoid slippage.Bitcoin was down about 12% … [Read more...] about El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says
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Nayib Bukele Is Not the Bitcoin Hero We Need
The decision facing bitcoin advocates now may be more complex. El Salvador is a valuable testing ground for the digital currency, but if El Faro’s findings are true it seems clear the Bukele administration can no longer be considered a trustworthy partner. Beyond the simple ethics of supporting a regime that seeks antidemocratic methods of repressing its critics, the bitcoin … [Read more...] about Nayib Bukele Is Not the Bitcoin Hero We Need
Salvadoran President Bukele Expects Bitcoin to Reach $100K This Year
El Salvador President Nayib Bukele foresees bitcoin reaching the long-elusive six-digit price this year amid increasing adoption as a sovereign currency.In 2022, bitcoin will reach $100,000 and two more countries will adopt the digital asset as legal tender, Bukele tweeted on Sunday, adding that the cryptocurrency will also become a major issue in the U.S. midterm elections to … [Read more...] about Salvadoran President Bukele Expects Bitcoin to Reach $100K This Year
President Bukele predicts Bitcoin $100k rally, further legal adoption and more
Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized gains into new infrastructure projects including a hospital and a school.President Bukele predicted … [Read more...] about President Bukele predicts Bitcoin $100k rally, further legal adoption and more
El Salvador to Build New National Stadium in Collaboration With China, Bukele Says in ‘Surprise’ New Year’s Eve Tweet
Construction will begin next year in the current location of a military school, which will be rebuilt elsewhere with twice its current capacity, the president said. Dec 31, 2021 at 2:54 a.m. UTCUpdated Dec 31, 2021 at 11:23 a.m. UTCEl Salvador flag (Getty Images) Source link … [Read more...] about El Salvador to Build New National Stadium in Collaboration With China, Bukele Says in ‘Surprise’ New Year’s Eve Tweet