President Nayib Bukele of El Salvador revealed in a tweet that he purchased the coins at a “discount.”
El Salvador’s government has purchased 100 more bitcoins, according to President Bub’s tweets earlier on Friday, and the price of a significant cryptocurrency per market capitalization has decreased to around $54,000.
“El Salvador has recently purchased a dip.” “I got 100 coins at a discount,” Bukele explained.
Also on Friday, the price of Bitcoin tumbled by approximately 8% to $54,237 USD, as broader markets succumbed to new COVID-19 worries.
In September, three months after the national legislature passed the Bitcoin Act, Bitcoin became the official tender in Salvador.
During the opening of El Salvador’s Bitcoin Week on November 20, Bukele said that the country would create a national bitcoin platform.
At the reporting time, Bitcoin (BTC) is presently trading at a price of around $54, 327 USD, which is -0.22% down for the day.
Bitcoin Price Chart – Source: CoinMarketCap