After what was one of the worst days in the history of the price of the Bitcoin In the last 10 years, the government of The Saviorfrom the hand of Nayib Bukeleauthorized the purchase of 80 new units of this cryptocurrency for a cost of more than 1.5 million dollars.
This measure is presented just when the Bukele government is on the verge of bankruptcy, since, in recent months, one of its economic strategies has been to bet on transforming bitcoin as a legal currency within its country, as we have told you in AmericanPost.News.
The president shared the purchase on social networks stating that this currency is the future, he also thanked for having been able to buy the currency so cheaply in the face of a drop of thousands of dollars in the value of this digital currency.
El Salvador bought today 80 #BTC at $19,000 each!#bitcoin is the future!
Thank you for selling cheap �� pic.twitter.com/ZHwr0Ln1Ze
– Nayib Bukele (@nayibbukele)
July 1, 2022
Since March, Bitcoin has lost more than 60% of its value, which has caused the investment made by the Central American country to lose its value in a very short time, given what was a bet with the public resources of its country.
How much has Bitcoin fallen?
The currency has lost much of its value Bukele has done many projects around Bitcoin
What was at the time the largest growth of a digital currency in the entire history of the world became an economic bubble that exploded after the crises due to the war in Ukraine, the COVID-19 pandemic, speculation to generate more wealth and the fear of an economic crisis.
Only yesterday it closed with a loss of more than 6% of its value compared to the previous day, falling from 19 thousand dollars in total in its evaluation when in March 2022 it was worth more than 40 thousand dollars worldwide. .
It may interest you: Nayib Bukele responds to criticism for using public money to buy bitcoins
How many bitcoins has Nayib Bukele bought?
Bukele has done many projects around Bitcoin
It was in September 2021 when the Salvadoran government began to acquire this virtual currency, where to date they have acquired more than two thousand of these for a value of more than 100 million dollars, and announced the project called “Bitcoin City”.
Currently, and after the loss of more than half of its value, that is, more than 50 million dollars, the government of Nayib Bukele has chosen to buy the 80 new units, hoping that the market will return to normal and the value of the same cryptocurrencies recover economic potential for their country.
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Source-laverdadnoticias.com