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El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath

Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins.

The Salvadoran president, Nayib Bukele, announced Monday on Twitter that his country has purchased 500 more bitcoins.

After an initial purchase of 700 bitcoins, the country bought 420 BTC in October, 100 BTC in November, 171 BTC in December, and 410 BTC in January.

According to one estimate, El Salvador’s total bitcoin holdings have lost more than $30 million in value.

“We are waiting for the right moment and the president says when … It depends on how the market is,” he noted.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since.

Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token collection via the NFT marketplace Autograph.

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Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs …

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