The number 21 is significant for the crypto-verse, particularly for those who love Bitcoin. Seems like El Salvador is quite passionate about this number and the country’s latest move explains why.
As the entire globe traversed into the crypto-verse, El Salvador decided to take things up a notch and acknowledged Bitcoin as a legal tender. While this angered several officials across the world, an array of people lauded the region for its crypto-friendly move. However, protests against the full implementation of BTC are being carried out by Salvadorians themselves. This didn’t seem to stop the country’s President, Nayib Bukele from making more Bitcoin-inclined moves.
The crypto market recently underwent a bearish phase causing loss to Bitcoin and several other assets. Bitcoin was even pushed below the $50K zone. Now, as the king coin tries to make its way back over this area, Bukele decided to make a purchase of 21 BTC.
El Salvador celebrates the “last 21st day of the year 21 of the 21st century”
The fact that Bitcoin has a limited supply of 21 million has been beneficial for the industry. Commemorating this and the “last 21st day of the year 21 of the 21st century” the President of the country decided to make a huge purchase of 21 Bitcoins.
Linking the number 21 to El Salvador, the President noted the size of the country was about 21,041 square kilometers. Therefore, the number 21 seemed to be extremely significant to Bukele.
Further monumentalizing the number as well as 21 December 2021, Bukele tweeted,
Back in September while the country was on the verge of recognizing BTC as a legal tender, the Salvadorian government made its first purchase of about 200 BTC.
During the time of writing, Bitcoin was trading for $49,128 with a 0.92% surge over the last 24-hours. Over the last couple of days, the asset managed to bag gains of up to 2%. Additionally, the market cap of the king coin was seen trying to aim for $1 trillion. At press time, BTC’s market cap was at $929.27 billion.