The President of El Salvador announced that the country 420 BTC during the dip. Now El Salvador has 1120 Bitcoin under management.
The president of El Salvador has done it again. As a good Bitcoin maximalist, the price crash didn’t scare him, and instead of complaining or tweeting that his precious coin was going to $0, he just bought more Bitcoin, A LOT of Bitcoin.
In a tweet shared a few hours ago, Nayib Bukele announced that he bought the dip. Buying the dip is an expression that refers to taking advantage of a bear market to buy a cheap asset during the crash and then waiting to profit once the prices recover.
The president of El Salvador said he bought 420 more Bitcoin —a meme number associated with the marijuana community— in what seems to be yet another one of his many jokes, such as calling himself emperor of his country, putting lasers on his eyes, and tweeting with hashtags allusive to the most important cryptocurrency in the crypto world.
It was a long wait, but worth it.
We just bought the di
420 new #Bitcoin🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) October 27,
2021p!, 2021
A Profitable Investment
El Salvador Now Owns 1120 BTC Despite All The Controversies
Despite his authoritarian practices, Nayib Bukele is probably the most beloved president by the Bitcoiner community and his nocoiner people as well. Bukele is often referenced by maximalists such as Anthony Pompliano or Michael Saylor, and polls give him above 80% approval rating according to data from more than a dozen different surveys conducted by reputable institutions, including CID Gallup, Francisco Gavidia University, Mitofsky, and La Prensa Grafica.
