El Salvador now owns 700 bitcoins as President Buchel buys price dips

El Salvador’s President Naib Bukle confirmed on Twitter on Monday that the Latin American country had bought “a reduction in the price of Bitcoin”, exchanging dollars for Bitcoin at a time when he believed it was undervalued in the global market.

Bitcoin was priced at around, 45,700 at the time of Buccaneer’s tweet announcing the purchase from a height of close to 50,000 50,000 earlier in the week.

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