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El Salvador's President Bukele Says Will Start Buying 1 Bitcoin By Cyber Carders 2022
The leader of El Salvador, Nayib Bukele, has reported that the US focal point country will start buying one bitcoin (BTC) on an ongoing basis.
The announcement comes three and a half months after El Salvador allegedly last purchased bitcoin in July 2022, when it purchased 80 bitcoins at $19,000 per coin.
According to Purchase Bitcoin Around the world, El Salvador allegedly holds 2,381 BTC at a typical purchase cost of $43,357. This total is essentially based on when the president announced the bitcoin investment, but since no public or on-chain records have been found confirming the purchase, it cannot be verified.
The country has apparently spent $103.23 million on Bitcoin to date. However, since the main cryptocurrency is trading around $16,500, this means its reserves are actually worth $39.47 million, implying a loss of over $63 million.
Tron organizer Justin Sun, one of the biggest names in the cryptocurrency industry, was quick to respond to Bukele's statement, saying: "Starting tomorrow, we will also continue to receive one bitcoin."
Where is the bitcoin address in El Salvador?
While Bukele recently stated that El Salvador is the most memorable country in the world to accept Bitcoin as legal tender, he has never allegedly sold any crypto assets, nor shared real wallet addresses associated with past purchases.
After Bitcoin Loses $60M, El Salvador's Leader Buys More Bitcoin
When buying 80 bitcoins in late spring of this year, the president had just shared a screenshot of the designated exchange, saying that El Salvador was using a centralized exchange to execute the order.
The statement also follows Bukeleβs previous comments about FTXβs adventures, with the Salvadoran leader recently tweeting that βFTX is the antithesis of Bitcoin.β
The Bitcoin conference is "clearly about stopping Ponzi schemes, bank runs, Enron, WorldCom, Bernie Madoff, Sam Bankman-roasting... bailouts and redistribution," he said.
The leader of El Salvador, Nayib Bukele, has reported that the US focal point country will start buying one bitcoin (BTC) on an ongoing basis.
The announcement comes three and a half months after El Salvador allegedly last purchased bitcoin in July 2022, when it purchased 80 bitcoins at $19,000 per coin.
According to Purchase Bitcoin Around the world, El Salvador allegedly holds 2,381 BTC at a typical purchase cost of $43,357. This total is essentially based on when the president announced the bitcoin investment, but since no public or on-chain records have been found confirming the purchase, it cannot be verified.
The country has apparently spent $103.23 million on Bitcoin to date. However, since the main cryptocurrency is trading around $16,500, this means its reserves are actually worth $39.47 million, implying a loss of over $63 million.
Tron organizer Justin Sun, one of the biggest names in the cryptocurrency industry, was quick to respond to Bukele's statement, saying: "Starting tomorrow, we will also continue to receive one bitcoin."
Where is the bitcoin address in El Salvador?
While Bukele recently stated that El Salvador is the most memorable country in the world to accept Bitcoin as legal tender, he has never allegedly sold any crypto assets, nor shared real wallet addresses associated with past purchases.
After Bitcoin Loses $60M, El Salvador's Leader Buys More Bitcoin
When buying 80 bitcoins in late spring of this year, the president had just shared a screenshot of the designated exchange, saying that El Salvador was using a centralized exchange to execute the order.
The statement also follows Bukeleβs previous comments about FTXβs adventures, with the Salvadoran leader recently tweeting that βFTX is the antithesis of Bitcoin.β
The Bitcoin conference is "clearly about stopping Ponzi schemes, bank runs, Enron, WorldCom, Bernie Madoff, Sam Bankman-roasting... bailouts and redistribution," he said.
