Starting tomorrow, El Salvador will buy bitcoin every day, the country's president has announced. crypto cryptocurrency $BTC FTX
El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury.The president of El Salvador, Nayib Bukele, announced on Twitter Thursday that his country will buy one bitcoin every day starting tomorrow.
Following Bukele’s announcement, Tron founder Justin Sun said he will do the same, tweeting: “We echo @nayibbukele’s initiative in buying bitcoin daily. We will also buy one bitcoin every day starting tomorrow.” Bukele is not deterred by the recent turmoil surrounding the bankrupt crypto exchange FTX. On Sunday, the Salvadoran president explained in a tweet:
FTX is the opposite of Bitcoin. Bitcoin’s protocol was created precisely to prevent Ponzi schemes, bank runs, Enron’s, Worldcom’s, Bernie Madoff’s, Sam Bankman-Fried’s … bailouts and wealth reassignments. Some understand it, some not yet. We’re still early. El Salvador adopted bitcoin as legal tender alongside the U.S. dollar in September last year. Since then the country has purchased about
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