{"id":26492,"date":"2022-05-10T11:31:43","date_gmt":"2022-05-10T15:31:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26492"},"modified":"2022-05-10T11:31:53","modified_gmt":"2022-05-10T15:31:53","slug":"el-salvador-tron-trx-founder-buys-the-dip-by-acquiring-15-million-in-btc","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/el-salvador-tron-trx-founder-buys-the-dip-by-acquiring-15-million-in-btc\/","title":{"rendered":"El Salvador, Tron (TRX)\u00a0Founder Buys The Dip By Acquiring $15 Million In BTC"},"content":{"rendered":"\n
El Salvador's president and crypto fanatic, Nayib Bukele seems to be taking advantage of the current Bitcoin dip as he recently acquired 500 coins as an investment move.<\/h5>\n\n\n\n
\"El<\/figure><\/div>\n\n\n\n

El Salvador Bukele Having A Good Time With The Dip<\/h3>\n\n\n\n

Bukele announced via his official Twitter account that the nation has just invested $15.3 million in Bitcoin (BTC). He purchased 500 coins at an average price of $30,744 during the recent crypto market downturn. This brings the nation's total BTC held to at least 2,301. <\/p>\n\n\n\n

About 12 hours following Bukele\u2019s announcement, Chinese-Grenadian business executive and founder of TRON, Justin Sun followed\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in El Salvador\u2019s footsteps by throwing in $15.5 million into BTC in his purchase of 500 coins at an average price of $31031.35.<\/em><\/p><\/blockquote>\n\n\n\n

As indicated by his Twitter page, El Salvador's Bukele appears to be having a good time with the slump. He said 11 hours after purchase that he could have sold the 500 coins for a million dollars profit, but that he would not.<\/p>\n\n\n\n

El Salvador stands out as one of the most crypto-friendly countries in the world. In September of last year, it became the first country to recognize bitcoin as legal tender. <\/p>\n\n\n\n

Nayib Bukele, the country's president, is a 40-year-old businessman who has consistently expressed support for Bitcoin.<\/p>\n\n\n\n

Bukele has severally taken advantage of price drops in the cryptocurrency market. He claimed in a series of tweets that the government purchased 400 coins for $20.9 million in different transactions just hours apart. <\/p>\n\n\n\n

This was one day before the government declared Bitcoin to be legal tender.<\/p>\n\n\n\n

What is the current state of the market?<\/strong><\/h3>\n\n\n\n

After four days of unrelenting bloodbath, the recent fall in the crypto market appears to be far from over. <\/p>\n\n\n\n

BTC is currently valued at $31.5k against dollar, down 34% from its all-time high of $47.8k earlier this year. The asset recently fell to $29.9k, its lowest point since July 2021.<\/p>\n\n\n\n

As is customary, Bitcoin has taken down most of the major cryptocurrencies, forcing some investors to give up. Others, such as the government of El Salvador and Justin Sun<\/a>, are hoping to profit from the present slump in the hopes of a significant rebound.<\/p>\n","protected":false},"excerpt":{"rendered":"

El Salvador’s president and crypto fanatic, Nayib Bukele seems to be taking advantage of the current Bitcoin dip as he recently acquired 500 coins as an investment move. El Salvador Bukele Having A Good Time With The Dip Bukele announced via his official Twitter account that the nation has just invested $15.3 million in Bitcoin […]<\/p>\n","protected":false},"author":32,"featured_media":26495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[],"class_list":["post-26492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/el-salvador.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26492"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/26495"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}