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El Salvador may be in a state of emergency right now

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Rank: Carlos Matos
26 posts
Joined 2022-04-30
By ZARKO on May 11, 2022, 12:05 ET Post #1



El Salvador may be in a state of emergency right now, but it seems Nayib Bukele is still keeping a close eye on Bitcoin's price.

On Twitter, the president confirmed that the Central American nation has just purchased an additional 500 BTC at an average price of $30,744 per coin.

Overall, that's worth more than $15 million — and it comes as the country's other BTC investments remain seriously underwater.

At 8am London time on Tuesday, when BTC's price had recovered to $32,000, Bukele followed up with another tweet that declared:

"I could sell these coins right now and make almost a million dollars in just 11 hours, but of course not."


Zarko

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