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Monday, October 18, 2021

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Huge Country Turns To Cold Wallet: El Salvador Increases The Amount Of Bitcoin In Its Reserve

El Salvador, which announced that it bought Bitcoin in the past days, once again bought Bitcoin. The country currently has a total of 700 Bitcoins.
El Salvador, which makes Bitcoin the legal unit along with the US dollar, apparently bought more Bitcoin.

In the statement made by President Nayib Bukele, the Salvadoran government instantly owns 700 Bitcoins.

“They can never beat you if you buy from the bottom”
Nayip Bukele

El Salvador’s president, Nayib Bukele, announced on Twitter this Monday that the government has purchased another 150 Bitcoin. The country had made the cryptocurrency a legal unit by enacting the Bitcoin law on September 7.

In addition, Bukele said, “They can never beat you if you buy from the bottom… Presidential advice.”


Bitcoin, whose price was around $ 45 thousand at the time of the announcement, is currently around $ 43,900 according to Bitcoin.com Markets data.

El Salvador; He started buying Bitcoin on September 6 before the Bitcoin law came into effect; On September 7, Bukele announced that his country has a total of 550 Bitcoins.

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