El Salvador’s President Nayib Bukele said on Twitter that El Salvador bought 80 bitcoins at a unit price of $19,000 yesterday (30), with a total value of about $1.52 million
However, El Salvador is not as lavish as it used to be. The last time the country bought bitcoin was in May of this year , when it bought 500 bitcoins at an average price of $30,744, with a total value of about $15.3 million. El Salvador has spent a total of $103.9 million on 2,301 bitcoins since September last year, but the value of those bitcoins has now halved by 55.03% to $46.6 million.
Although every time El Salvador buys Bitcoin, Bouguere said that he is looking for the bottom, but he seems to have copied it halfway up the hill. ?
In May, El Salvador’s finance minister, Alejandro Zelaya , said the country had less than 0.5 percent of its annual budget in bitcoin at the time, adding that a fall in bitcoin prices would pose little financial risk to El Salvador.