El Salvador government buys 150 BTC during recent dip
El Salvador made history by making BTC as a legal tender in country. It is the only country on planet who adopted BTC as a national currency despite massive protests and marching against BTC acceptance.
There are serious concern regarding the adoption of BTC as king of crypto world is one of the most volatile asset of the world. It may hit country credit rating. Despite of all the odds government is firm in the better future of the coin. During recent dip El Salvador government purchase 150 BTC coins. With the addition of 150 BTC, Salvadorians government has reserved of 700 BTC.
El Salvador President Nayib Bukele shared this news on twitter account. It is too early to say about the positive and negative impact on economy of country which heavily depend upon remittances but it will open new way for other countries to get advantage of the outcome of El Salvador adoption model.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
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