El Salvador Now Owns 1120 Bitcoin As President Bukele Buys 420 More

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El Salvador’s President Nayib Bukele confirmed via Twitter Wednesday evening that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market.

The price of Bitcoin was around $58,800 dollars, down from breaking all-time highs to reach nearly $67,000 on 20 October, at the time of Bukele’s tweet announcing the purchase of 420 more Bitcoin.

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