El Salvador just bought the dip again


Just 25 mins ago El Salvador president Nayib Bukele announced he bought another 500 coins at $30,774.

Source: Twitter

Somebody made a website to show the purchase history and it looks like they are down 33%:


Even if this is the lowest purchase so far, it’s already gone down:


Bitcoin current price is $30,642. El Saldavor’s DCA average is $45,908.42.

And looks like the experiment hasn’t gone well lately. A study by a U.S.-based think tank, the National Bureau of Economic Research (NBER), said only 20% of Salvadorans have continued to use the nationally issued and technically flawed digital wallet needed to spend bitcoin.

Source: Paymnts.com

What’s the future hold?

What do you think of this situation?

submitted by /u/milonuttigrain
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