September 30, 2022

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Bitcoin falls below $31000: El Salvador “buys the bottom” and buys 500.

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Bitcoin falls below $31000: El Salvador “buys the bottom” and buys 500.



 

Bitcoin falls below $31000: El Salvador “buys the bottom” and buys 500.


As U.S. stocks plummeted, bitcoin prices fell below $31,000 for the first time since July last year.

El Salvador’s government bought another 500 bitcoins on Monday, its largest purchase to date.

El Salvador’s President Nayib Bukeli tweeted that the bitcoins were purchased at an average price of $30,744.

 

Bitcoin falls below $31000: El Salvador "buys the bottom" and buys 500.

 

Since El Salvador adopted bitcoin as legal tender last September, the country’s government has bought a total of 2,301 bitcoins, often during bitcoin’s declines.

 

Buckley once tweeted: “As long as you buy the dip, they can never beat you.”

 



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