El Salvador President "Bitcoin, will buy 1 per day… until the price is unaffordable"
Minseung Kang
Summary
- President Bukele of El Salvador said he would purchase one Bitcoin every day.
- He said this will continue until the Bitcoin price becomes so high that it can no longer be afforded with legal tender.
- El Salvador has adopted Bitcoin as legal tender since 2021 and has been continuously purchasing it for its national reserves.
Nayib Bukele, the President of El Salvador, reiterated his intention to purchase one Bitcoin (BTC) every day.
On the 6th, according to crypto asset (cryptocurrency) specialist channel Bitcoin Archive, President Bukele said, "We will buy one Bitcoin every day, and this will continue until Bitcoin becomes so expensive that it can no longer be purchased with legal tender."
El Salvador was the first country in the world to adopt Bitcoin as legal tender in 2021. Since then, the government has continuously purchased Bitcoin and incorporated it into the national reserves.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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