El Salvador buys the dip

Team Luno
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1 minute read

  • As the broader crypto market experienced a crash early last week, El Salvador’s President Nayib Bukele took advantage of the lower prices and purchased a further 150 bitcoin.
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    • The Latin American country now owns a total of 700 bitcoin.

     

    • President Bukele made the announcement in a tweet, stating: “They can never beat you if you buy the dips,” before adding that this move can be considered “presidential advice.”

     

    • The Salvadoran government purchased its first 400 bitcoin on 6 September, one day before the country became the first in the world to accept cryptocurrency as legal tender.
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    On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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