El Salvador Now Owns 700 Bitcoin as President Bukele Buys Price Dip

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El Salvador’s President Nayib Bukele confirmed via Twitter Monday that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market.

The price of Bitcoin was around $45,700 dollars at the time of Bukele’s tweet announcing the purchase, down from highs near $50,000 earlier in the week.

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