Nayib Bukele-Led El Salvador Sticks To 'Buying One Bitcoin A Day' Plan Amid Raging Market Sell-Offs
Portfolio Pulse from Aniket Verma
El Salvador continues its plan to buy one Bitcoin per day despite market sell-offs, adding to its reserves. The country now holds 5,833.76 Bitcoins worth over $324 million. This move contrasts with Saxony, Germany, which liquidated its Bitcoin holdings. Bitcoin is currently trading at $55,623.37, rebounding 2.94% after a weekend crash.
August 06, 2024 | 6:59 am
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El Salvador continues to buy one Bitcoin per day, adding to its reserves despite market sell-offs. This move could signal confidence in Bitcoin's long-term value, potentially stabilizing or boosting its price.
El Salvador's consistent purchase of Bitcoin despite market volatility indicates strong confidence in the cryptocurrency's long-term value. This could positively influence market sentiment and stabilize or boost Bitcoin's price.
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