The president of El Salvador, Nayib Bukele, as usual made the announcement of the purchase via Twitter.
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The president of El Salvador, Nayib Bukele, announced via Twitter a new Bitcoin purchase. And he claims a very esoteric reason: the coincidence of the number 21 in the day, year and century. That’s why his purchase was exactly 21 bitcoins at a price of about USD $1 million, now that the crypto is close refers to the closing price; similar to the same term used in stock trading. to USD $50,000.
This is his tweet:
And today is the last 21st day of the 21st year of the 21st century.
And today is the last 21st day of the year 21 of the 21st century ???? https://t.co/9BitXCyDVs
— Nayib Bukele ???????? (@nayibbukele) December 22, 2021
And after that, at 21:00 El Salvador time he bought the 21 BTC:
And we are buying 21 bitcoins for the occasion.
And we are buying 21 #bitcoin for the occasion ???? https://t.co/xKo80nhYOn
— Nayib Bukele ???????? (@nayibbukele) December 22, 2021
The president also shared his purchasing process:
You should buy #BTC in 4 minutes. https://t.co/I4O9gPEq3G
— Nayib Bukele ???????? (@nayibbukele) December 22, 2021
Got the receipt. https://t.co/WONLH85KIy pic.twitter.com/BDq076JNKa
— Nayib Bukele ???????? (@nayibbukele) December 22, 2021
He further said:
I keep the purchase until 21:21:21.
I’m holding the purchase till 21:21:21. https://t.co/uhjwowv5cu
— Nayib Bukele ???????? (@nayibbukele) December 22, 2021
Shopping and more shopping
On November 27th, Bukele made an announcement on the purchase of 100 BTC at a price of USD $ 5.4 million .
There are already several purchases that El Salvador has made in the price drops of the main cryptocurrency. On October 28th bought 420 BTC at a price per unit at that time of USD $58,000. Up to that point he had 1,120 BTC, so with the purchase now and the one in November he has 1,241 BTC.
It is worth noting that even though many recognize that El Salvador has been a pioneer in the introduction of Bitcoin, there have been many protests from the people, especially because of the malfunctioning of the Chivo wallet. In comments tweeted by Salvadorans to the president they say things like: “And the Chivo wallet a place where cryptocurrency users can store, send and receive digital assets. made me lose money, my dear president Bukele, I support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. you but I did not like at all this bad experience with the Chivo wallet that cost me a lot of money that my family needs”; “Chivo wallet does not let convert that also needs the people solution to that failure…. does not work at this time the chivo wallet …”. As these are many, much of the responses are portfolio a collection of cryptocurrencies or crypto assets held by an investment company, hedge fund, financial institution or individual. complaints, in fact.
El Salvador, on the other hand, remains focused on its Bitcoin backing project. In 2022, the country will issue a bond backed by Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. for USD $ 1 billion in partnership with Blockstream . Critics have linked the move to the government’s inability to secure a $1.3 billion loan from the International Monetary Fund (IMF), which has been completely skeptical of BTC adoption. in El Salvador.
Sources: Twitter, Utoday , archive
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