• magazine
  • entertainment
  • news
  • España
    • Global Edition
    • Australia
    • Belgique
    • Brasil
    • Canada (fr)
    • Canada (en)
    • Colombia
    • Deutschland
    • España
    • France
    • India
    • Ireland
    • Italia
    • Latino
    • México
    • Österreich
    • South Africa
    • Switzerland
    • United Kingdom
    • USA
Blog Title
  • Facebook
  • adsfasdf
  • YouTube

El Salvador to buy one bitcoin a day in the midst of the cryptocurrency crisis

Daniel Stewart

2022-11-17
Archive
Archive – Protests against bitcoin in San Salvador, El Salvador – CAMILO FREEDMAN / ZUMA PRESS / CONTACTOPHOTO

The president of El Salvador, Nayib Bukele, has announced the purchase by the State of one bitcoin per day starting this Thursday, after in recent days he has defended the bet on this cryptocurrency in a context of falling value.

«We are going to buy a bitcoin a day starting tomorrow,» Bukele wrote on Wednesday in English on his Twitter account, where he periodically defends that El Salvador is the only country in the world to adopt this cryptocurrency as official currency.

Last week, the Salvadoran president came out against doubts about this system after the fall of the FTX firm, since he considers that it represented «the opposite of bitcoin», and in recent months he has questioned the warnings issued by financial organizations such as the International Monetary Fund (IMF).

The Government has not offered clear statistics on bitcoins acquired and their value, although in May Bukele himself confirmed the purchase of 2,301 units. September marked the first anniversary of this monetary policy, promoted by the president and endorsed by the National Assembly, dominated by the ruling New Ideas party.

  • Driver kills 7 after ramming his vehicle next to immigrant shelter in Texas
    2023-05-07

    Driver kills 7 after ramming his vehicle next to immigrant shelter in Texas

  • Several Commonwealth countries reject Charles III as their head of state
    2023-05-05

    Several Commonwealth countries reject Charles III as their head of state

  • Belgian police arrest seven Islamic State sympathizers planning to attack in Flanders
    2023-05-04

    Belgian police arrest seven Islamic State sympathizers planning to attack in Flanders

  • António Guterres calls on Sudanese Army and RSF for ‘safe’ and ‘immediate’ access to humanitarian aid
    2023-05-03

    António Guterres calls on Sudanese Army and RSF for ‘safe’ and ‘immediate’ access to humanitarian aid

  • We travel through 20 of the world’s most impressive forests
    2025-01-30

    We travel through 20 of the world’s most impressive forests

  • Ona Carbonell bids farewell to the sport with a career spanning more than 20 years and two Olympic gold medals
    2023-05-19

    Ona Carbonell bids farewell to the sport with a career spanning more than 20 years and two Olympic gold medals

  • 15-year-old girl allegedly sexually abused by designer Francis Montesinos
    2023-05-08

    15-year-old girl allegedly sexually abused by designer Francis Montesinos

  • Facebook
  • adsfasdf
  • YouTube
  • magazine
  • entertainment
  • news
  • Terms & Conditions
  • Privacy Policy
  • © 2023 Copyright News 360 S.L.