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Home Automotive

El Salvador buys an additional 410 Bitcoin

by souhaib
January 22, 2022
in Automotive
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The Savior bought 410 Bitcoin in the amount of 15 million dollars, the president reported on Friday Nayib B Watch, at a time when the virtual currency reports a drop in its value.

In September, the Central American country became the first nation in the world to adopt this cryptocurrency as legal tender, in parallel to American dollar, drawing strong criticism from the International Monetary Fund (IMF) that does not recommend its use due to its volatility.

“Some guys are selling really cheap” (Some are selling really cheap), the president wrote on his Twitter account.

Despite the opposition’s claims for the lack of transparency in the acquisition processes, the Bukele government has made nine Bitcoin purchases since September to reach a total of 1,801.



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