The saying goes that ” It’s in difficult times that you recognize your true friends “. A lifelong friend of bitcoin, Nayib Bukele does not seem ready to abandon the ship already tossed about by the swell. Faithful friend and tireless advocate of the queen of cryptocurrencies, the president of El Salvador promises to buy one BTC per day from this day on.
Nayib Bukele, still optimistic with bitcoin
” We’re buying one #bitcoin a day starting tomorrow. »
On Wednesday, November 16, the fervent defender of bitcoin, Nayib Bukele tweeted his new campaign mounted in the middle of the bear market. To see the price of the King of Crypto posted by QuincekoEl Salvador is therefore preparing to spend around $16,500 a day to expand its crypto wallet.
El Salvador, which has started enriching its wallet since September 2021, currently has 2,381 BTC. A series of successive purchases of bitcoins effectively followed the legalization of this digital currency by the Salvadoran National Assembly.
Statisticians put forward an average purchase price of $43,357 per coin and expenditures of around $103.23 million for El Salvador. To say that this investment has caused heavy losses to the country, considering that the approximately 2,000 BTC are valued at only $39.4 million at the moment. Fortunately, President Bukele is a real fan of HODL, a strategy of keeping cryptoassets warm before the next bull run.
Justin Sun seduced by the initiative
” We echo @nayibbukele by buying #bitcoins daily. We will also be buying one #bitcoin per day starting tomorrow! »
Adored by more than 37,500 people, this tweet from Nayib Bukele did not leave some crypto icons indifferent. Justin Sun, the boss of Tron (TRX), did not wait long to support the initiative of the Salvadoran president. The purchase of 1 BTC per day will now be part of the activities of the Chinese company, reports Coindesk.
The accumulation and storage of bitcoins in dark times is a testament to bitcoiners’ faith in a bright future. Admittedly, the current situation, marked by the recent fall of FTX, is proving difficult for cryptocurrencies. But didn’t Binance’s CZ claim lately that crises are cyclical?
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