El Salvador’s president has declared that his government will start purchasing 1 Bitcoin (BTC) daily starting tomorrow.
Bitcoin advocate and president of El Salvador Nayib Bukele has declared that his government will start adding one bitcoin (BTC) to its holdings every day, starting from November 18. Bukele made the pronouncement in the early hours of Thursday. The recent declaration underlines the El Salvadoran president’s confidence in the firstborn crypto amid market turbulence.
El Salvador, the first country to make BTC legal tender in September of last year, currently holds about 2,381 BTC following a series of purchases that began with a 400 BTC procurement a day before it adopted the asset as legal tender.