ICYMI: El Salvador purchases more bitcoin worth $15 million on market dip
, the price of bitcoin dipped to about $36,630 at 4:54 p.m. before Bukele’s tweet at 5:18 p.m. It continued to decline throughout the evening.
The Jan. 21 tweet was in response to an older one from Jan. 14, where the president had written “I think I might have miss[ed] the dip this time.” But he started this most recent update by saying “Nope, I was wrong, didn’t miss it." Most of what we know about the quantity and timing of El Salvador’s bitcoin purchases comes from Bukele’s tweets, in which he often mentions that the country had just “bought the dip.” That phrase refers to a strategy of purchasing bitcoin at a “discount” when it significantly decreases in value, which in theory would create gains for the buyer when the price eventually rises again.
El Salvador has now bought at least 1,801 bitcoins, based on what we know about the country’s purchase history. Before the latest tweet, El Salvador had amassed 1,391 bitcoin according to Bukele’s announcements. In a January 12 news , Bloomberg calculated that Bukele’s announced purchases up to that time would have cost El Salvador $71 million.Dec. 21, 2021 -
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
El Salvador Buys $15 Million Worth Of Bitcoin ‘Really Cheap,’ President Crows, As Selloff ContinuesUnder the leadership of crypto enthusiast President Nayib Bukele, El Salvador has amassed about $66 million in bitcoin.
Lire la suite »
Bought the Dip: El Salvador Purchased 410 Bitcoin for $15MEl Salvador continues to buy bitcoin frequently, with a new purchase worth $15 million.
Lire la suite »
2 priests, 2 lay people to be beatified in El SalvadorThe Roman Catholic Church is beatifying two priests and two lay people who were victims of right-wing death squads during El Salvador’s civil war.
Lire la suite »
El Salvador buys its cheapest 410 Bitcoin as prices reach $36kThe latest 410 BTC purchase is currently the cheapest acquisition for El Salvador ever since the country adopted BTC as a legal tender.
Lire la suite »
El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele SaysThe bitcoin purchase was worth about $15 million, El Salvador President Nayib Bukele tweeted. mikeybellusci reports
Lire la suite »
El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs – Emerging Markets Bitcoin NewsEl Salvador will offer cryptocurrency-based loans to small companies through Conamype, the National Commission for Small Enterprises.
Lire la suite »