El Salvador’s President Nayib Bukele confirmed via Twitter Wednesday evening that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market.

The price of Bitcoin was around $58,800 dollars, down from breaking all-time highs to reach nearly $67,000 on 20 October, at the time of Bukele’s tweet announcing the purchase of 420 more Bitcoin.

Credit: Source link