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El Salvador Buys the Dip, Now Holds 1120 Bitcoin

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El Salvador acquires an additional 420 Bitcoin

The country has now a total of 1120 BTC holdings

El Salvador remains one of the most talked-about countries in the crypto world. This time, El Salvador hit the headlines once again when it bought an additional 420 Bitcoin tokens. Furthermore, this Bitcoin purchase made by El Salvador lately marks the first Bitcoin purchase made by the country’s government.

 

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1 час назад, cryptopublication said:

El Salvador acquires an additional 420 Bitcoin

The country has now a total of 1120 BTC holdings

El Salvador remains one of the most talked-about countries in the crypto world. This time, El Salvador hit the headlines once again when it bought an additional 420 Bitcoin tokens. Furthermore, this Bitcoin purchase made by El Salvador lately marks the first Bitcoin purchase made by the country’s government.

 

Source coinquora --> El Salvador acquires an additional 420 Bitcoin

The government of El Salvador certainly did well and did not hide their investments in the first cryptocurrency. But as far as I know, all actions in the blockchain are covered in secrecy in order to comply with banking secrecy.

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El Salvador recognized bitcoin as a legal tender on a par with the US dollar. In addition, the state buys bitcoin and large farm is also being built. It will operate on the natural energy of volcanoes. I think that El Salvador wants to get away from the huge USD influence on the economy, as well as the country's leadership wants to create passive income in the future and raise the country's economy, using crypto.


Grand time: launchpad

 

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