El Salvador President Nayib Bukele has indicated plans to increase Bitcoin (BTC) holdings as prices face downward pressure. The US government recently sold $6.7 billion worth of BTC tokens seized from the Silk Road. This development has sparked speculation about further declines in Bitcoin’s value, presenting opportunities for accumulation. Bitcoin Faces Price Drop After US […]
Nayib Bukele
Bitcoin in El Salvador: President Bukele Reflects on Progress and Challenges
El Salvador’s President Nayib Bukele recently gave an interview in which he talked about the Bitcoin initiative that took place in his country and its wider repercussions. According to Bukele, though the strategy of BTC has not been fully met, he sees its overall impact as positive. He underlined that eventually, BTC succeeded in boosting […]
Bitcoin Strength: El Salvador’s 40% Profit, No Sell Strategy
El Salvador’s President Nayib Bukele has reaffirmed the country’s commitment to its Bitcoin holdings, asserting that they will not be sold despite the significant rise in the cryptocurrency’s market value. Bukele emphasized that regardless of fluctuations in price, the intrinsic value of Bitcoin remains constant, stating, “At the end 1 BTC = 1 BTC.” This […]
El Salvador’s Bitcoin Bonds Set To Gain Legal Status After 1 Year Delay
Bitcoin-powered bonds are all set to gain legal status after El Salvador notified the passage of the landmark bill via Twitter. President Nayib Bukele is expected to ratify the legislation after it obtained 62 votes in favor and 16 votes against it. Also known as the “Volcano Bond”, the ambitious proposal was first laid out […]
TRON Founder Pushes Nayib Bukele’s Plan To Buy Bitcoin Daily
Founder of TRON blockchain Justin Sun echoed El Salvador President Nayib Buklele’s plan to purchase Bitcoin every day. The developments would infuse hope into the crypto industry, which has been plagued by the FUD bug. Many prominent figures, like DOGE supporter Elon Musk, former whistleblower turned crypto advocate Edward Snowden, and trading analysts like Stockmoney Lizards, […]
El Salvador On A Daily Bitcoin Purchasing Spree, Starts Tomorrow
Investors were hesitant to put their money into the crypto-verse due to the failure of numerous ventures and the market collapse. A significant Bitcoin bull maintained optimism despite claims that Bitcoin was doomed. El Salvador’s acceptance of BTC as a legal tender astounded the entire world. El Salvador wanted to increase their holdings despite the […]
El Salvador Adds 80 Bitcoin to Its Stack for $1.5M
El Salvador’s pro-Bitcoin president got his hands on 80 bitcoin on Thursday, increasing his nation’s losing cryptocurrency investment by nearly $1.5 million. After publishing the purchase, President Nayib Bukele stated on his Twitter account: “Bitcoin is the future! Thank you for selling cheap.” According to Bukele, his government bought 80 BTC for $19,000 each. The […]
El Salvador President Nayib Bukele Sheds Light on Investors Amidst Bear Market
Following another round of hefty losses, El Salvador’s president, Nayib Bukele, has sought to infuse some bitcoin optimism into the wounded crypto community. Nayib Bukele resorted to Twitter to convince cryptocurrency investors that things might not be as awful as they appear. He recommended people to “enjoy life” instead of staring at the charts. Bitcoin […]
El Salvador’s Big Crypto Meet, 44 Nations Are Set To Participate
On 16th May, El Salvador President Nayib Bukele is set to host bank representatives from 44 countries to discuss financial inclusion, digital economy, banking the unbanked, El Salvador’s Bitcoin rollout, and its benefits in the country. Sharing the news via Twitter, Bukule stated that 32 central banks and 12 financial authorities would be attending the meeting. […]
El Salvador’s Biggest Bitcoin Purchase Is Worth $15M: Probably Nothing
Taking advantage of the market-wide slump, El Salvador bought 500 BTC worth a staggering $15 million on 9 May 2022. The purchase is its biggest-ever in scale, taking the total reserves to 1,620 BTC, worth nearly $50 million. On September 6th, 2021 President Bukele declared to the world that the nation purchased 200 BTC and said that “Our […]