The post El Salvador To Buy Daily One Bitcoin From November 18th appeared first on Coinpedia Fintech News
Amidst the crypto crisis and Bitcoin losing its key level, El Salvador’s Nayib Bukele seems to be all set to purchase Bitcoin yet again. The President announced that they will recommence Bitcoin accumulation where they will buy one Bitcoin each day, commencing from Nov 18. However, the details on how long the country will proceed with this plan is yet to be revealed.
El Salvador became the first country to use Bitcoin as a legal tender starting on September 7, 2021. Until now, it has accumulated nearly $375 million worth of Bitcoin. Nayib Bukele has been one of the biggest supporters of Bitcoin and has stood against the warnings received by the IMF and World Bank.
Source: https://coinpedia.org/crypto-live-news/el-salvador-to-buy-daily-one-bitcoin-from-november-18th/