Bullish Bukele Buys Bitcoin ‘Dip,’ Snapping up BTC 420
As bitcoin (BTC) prices fell below the USD 60,000 mark, the El Salvadoran President Nayib Bukele has doubled down on his bitcoin adoption drive by snapping up BTC 420 (USD 25m).
In a series of tweets, Bukele stated that his government had decided to “buy the dip,” and was “already making a profit [on] the bitcoin” it had bought just hours ago.
When challenged to explain just how this could be possible if the government was keeping, rather than selling its BTC, the self-styled “Emperor” sought to explain.
Critics in the media have been quick to point out that the government has offered nothing in the way of clarity as to how these BTC purchases are being made.
The nation’s biggest newspaper, the left-leaning El Diario de Hoy, wrote that Bukele’s
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