El Salvador, which has recognized bitcoin as an official means of payment, along with the dollar, is not afraid of gloomy forecasts and is not going to deviate from the previously chosen path.
While many investors are exiting assets and selling bitcoin reserves, El Salvador continues to invest in the world’s leading cryptocurrency. Today, the state has acquired another 80 bitcoins.
This information was released by President Nayib Armando Bukele, who confirmed that the coins were purchased for $19,000. He added that bitcoin is the future and also thanked those who sell such cheap coins.
Previously, El Salvador spent $103.9 million to buy 2,301 bitcoins, and at today’s exchange rate, the cryptocurrency reserves are just $46 million. However, the country’s leader considers bitcoin to be a reliable investment.
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Source: IXBT
