El Salvador just bought the dip again
1 min read
Just 25 mins ago El Salvador president Nayib Bukele announced he bought another 500 coins at $30,774.
Somebody made a website to show the purchase history and it looks like they are down 33%:
Even if this is the lowest purchase so far, it’s already gone down:
Bitcoin current price is $30,642. El Saldavor’s DCA average is $45,908.42.
And looks like the experiment hasn’t gone well lately. A study by a U.S.-based think tank, the National Bureau of Economic Research (NBER), said only 20% of Salvadorans have continued to use the nationally issued and technically flawed digital wallet needed to spend bitcoin.
What’s the future hold?
What do you think of this situation?
submitted by /u/milonuttigrain
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