El Salvador to Buy Bitcoin Every Day Starting Tomorrow: A Bold Move Amid Crypto Volatility
El Salvador is doubling down on its Bitcoin strategy. Despite facing criticism and significant market volatility, President Nayib Bukele has announced that the country will begin purchasing one Bitcoin every day, starting tomorrow. This move comes as El Salvador celebrates one year of adopting BTC as legal tender and aims to leverage the potential of dollar-cost averaging.
Nayib Bukele\'s Bitcoin Buying Strategy
In a recent tweet, Nayib Bukele, President of El Salvador, announced late last night that the country would be purchasing one bitcoin every day starting today. "We are buying one Bitcoin every day starting tomorrow," Bukele tweeted. This daily acquisition aims to build El Salvador\'s Bitcoin reserves steadily. The El Salvador President Nayib Bukele announced that the country would start buying Bitcoin on a daily basis from Nov. 18, and likened the collapse of FTX to a Ponzi scheme. This strategic approach is being adopted amidst the crypto market collapse.
El Salvador\'s Bitcoin Holdings and Market Fluctuations
The decision to purchase Bitcoin daily comes despite El Salvador\'s existing holdings experiencing considerable value fluctuations. Despite more than $60 million in value being wiped off the El Salvador bitcoin holdings, Nayib Bukele says the country is going to continue buying BTC. The current price of one Bitcoin is a key factor in El Salvador\'s ongoing strategy.
Justin Sun Joins the Daily Bitcoin Buying Trend
Amidst the crypto market collapse, El Salvador’s President Nayib Bukele announces purchasing Bitcoin (BTC) daily as he is joined by TRON’s founder Justin Sun in the decision.
El Salvador\'s Commitment to Bitcoin
The country, which recently celebrated one year of adopting BTC as a legal tender, will begin purchasing one bitcoin per day as of tomorrow, said Nayib Bukele. We are “We are buying one Bitcoin every day starting tomorrow,” Bukele tweeted. El Salvador\'s commitment to Bitcoin remains unwavering, even in the face of market uncertainties. President Bukele\'s continued investment signals a long-term belief in the digital currency\'s potential.