Tag: Bukele

El Salvador President Nayib Bukele Bitcoin Legal Tender 2022

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[ad_1] On New Year’s Day 2022, El Salvador President Nayib Bukele tweeted out his predictions for Bitcoin this upcoming year, making some very bold bets. Seemingly the biggest prediction out of the six he made is that “2 more countries will adopt it as legal tender.” El Salvador became the first country to make BTC legal tender on September 7, 2021, sparking a revolution that caught the attention of many other world leaders. This is a very interesting prediction especially after El Salvador’s ambassador to the United States Milena Mayorga…

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El Salvador Now Owns 700 Bitcoin as President Bukele Buys Price Dip

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[ad_1] El Salvador’s President Nayib Bukele confirmed via Twitter Monday that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market. The price of Bitcoin was around $45,700 dollars at the time of Bukele’s tweet announcing the purchase, down from highs near $50,000 earlier in the week. On September 6, the day before Bitcoin was officially declared legal tender in El Salvador, the president announced that the country bought its first 400 BTC, at…

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