This move of El Salvador, the first country in the world to accept Bitcoin as a legal currency, continues to be talked about in the crypto world.
El Salvador’s president Nayip Bukele’s interest in Bitcoin played a big role in the adoption of Bitcoin by citizens.
After the official adoption of Bitcoin on September 7, the Central American country started receiving Bitcoin. El Salvadorans bought 700 BTC while it was trading below $45,000.
After the rally in Bitcoin, BTC reached $ 67,000 levels and signed a new ATH. After this peak, there was a correction and BTC fell to $ 60,000.
The correction in the BTC price is seen as an opportunity for those who want to accumulate BTC. El Salvador’s president, Nayip Bukele, also made a post showing that he is among those who want to buy Bitcoin at the bottom price.
In his post, Bukele stated that the correction in BTC is still very small, and a larger correction is needed for buying.
Should we buy the dip?
Or is it too small? 🤔
Come on guys, we need a better discount here!#Bitcoin🌋🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) October 23, 2021
Those who bought BTC at $ 45,000 made huge profits after the rally in BTC. Bitcoin Bukele did not neglect to make a share that he was on the throne as the king after the ATH in BTC.
#NewProfilePic pic.twitter.com/YYF5XiQL8R
— Nayib Bukele 🇸🇻 (@nayibbukele) October 21, 2021
Although El Salvador’s Bitcon move was criticized on the international platform, Bitcoin attracted great attention in the country and the country achieved success. In this context, millions of daily transfers were made at Bitcoin ATMs.
In addition, Bitcoin mining was started using geothermal energy in the country and the first Bitcoin was obtained.