Bukele raises El Salvador betting on bitcoin slope; buys another $ 150 By Reuters
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SAN SALVADOR (Reuters) – The president of El Salvador Nayib Bukele said Central America had acquired an additional 150 bitcoins after the digital price declined again, boosting its cryptocurrency betting despite opposition.
, the world’s largest and most well-known cryptocurrency, has dropped nearly 30% from a high of $ 69,000 on Nov.
On Friday, Bukele announced that the government had re-entered the market.
“El Salvador has just bought a dip! $ 150 worth about $ 48,670,” Bukele wrote on Twitter (NYSE :).
Until Nov. 26, El Salvador had 1,220 bitcoins.
In September El Salvador became the first country in the world to adopt bitcoin as a legal entity, a move that attracted the attention of journalists around the world and attracted critics and foreign financial institutions.
The International Monetary Fund (IMF) said Monday that El Salvador should not use bitcoin as a legitimate legal entity, given the risks associated with cryptocurrency.
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