• magazine
  • entertainment
  • news
  • Canada (en)
    • 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.

  • Japan.- 80 percent of the population rejects tax hike to increase military spending
    2023-05-07

    Japan.- 80 percent of the population rejects tax hike to increase military spending

  • India.- At least 20 dead, most of them minors, after boat sinks
    2023-05-07

    India.- At least 20 dead, most of them minors, after boat sinks

  • US.- Driver kills seven people after ramming his vehicle next to immigrant shelter in Texas
    2023-05-07

    US.- Driver kills seven people after ramming his vehicle next to immigrant shelter in Texas

  • Cuba.- At least five arrested after opposition protest
    2023-05-07

    Cuba.- At least five arrested after opposition protest

  • 20 of the World’s Most Impressive Forests to Visit
    2025-01-29

    20 of the World’s Most Impressive Forests to Visit

  • Ona Carbonell ends her career with more than 20 years in the elite and a couple of Olympic medals
    2023-05-19

    Ona Carbonell ends her career with more than 20 years in the elite and a couple of Olympic medals

  • Verstappen, Perez and Alonso star on the podium in Miami
    2023-05-08

    Verstappen, Perez and Alonso star on the podium in Miami

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