Bought The Dip: El Salvador Purchased Another 150 BTC as Bitcoin Dipped to $45K

The first nation to legally adopt bitcoin now owns 700 coins after a new purchase, updated the president of the country. This has become another “buy the dip” moment, as BTC’s price dropped to $45,000.

  • El Salvador’s president – Nayib Bukele – took it to Twitter on September 20th to inform that the nation has “bought the dip” by accumulating 150 new bitcoins.
  • El Salvador has apparently taken advantage of the lower prices as BTC dipped from over $48,000 yesterday to just above $45,000 today.
  • The latest buy comes after a few previous ones, with the first taking place on September 6th. On that day, just before bitcoin became a legal tender within El Salvador’s borders, the country made the initial purchase of 200 BTC.
  • Upon announcing the news today, president Bukele added, “they can never beat you if you buy the dips,” and that this was “presidential advice.”
  • As mentioned above, El Salvador legalized the primary cryptocurrency on September 7th; thus, becoming the first-ever nation to do so, although several others have dabbled with the same idea since.
  • To boost further adoption and investments, El Salvador further provided some benefits for those aiming to use the cryptocurrency.
  • Foreigners can buy citizenship for 3 BTC. Additionally, Bukele’s legal advisor, Javier Argueta, suggested that foreign investors will not have to pay taxes on any profits connected to bitcoin.
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 68,743.42 0.45%
Ethereum (ETH) $ 2,439.57 1.39%
Tether (USDT) $ 0.999901 0.14%
BNB (BNB) $ 559.88 0.35%
Solana (SOL) $ 163.25 0.68%
USDC (USDC) $ 1.00 0.05%
XRP (XRP) $ 0.506544 0.97%
Dogecoin (DOGE) $ 0.169727 7.20%
Lido Staked Ether (STETH) $ 2,439.64 1.35%
TRON (TRX) $ 0.161488 2.13%