El Salvador will restart its BTC purchasing binge, as the country’s president announced on Twitter.
Tron’s Justin Sun followed up promptly, stating that his blockchain technology would achieve the same.
Although 2022 has been hard for the crypto sector, with several internal and external issues pulling prices and moods lower, El Salvador appears determined to retain its pro-bitcoin stance.
The nation, which just marked one year of adopting BTC as legal tender, will start acquiring one bitcoin each day beginning tomorrow, according to Nayib Bukele.
We are buying one #Bitcoin every day starting tomorrow.
— Nayib Bukele (@nayibbukele) November 17, 2022
The little Central American nation has thus far amassed 2,381 BTC at an average buying price of $43,357. In light of what has transpired with the asset’s price over the year, El Salvador’s investment has suffered significant losses, at least on paper.
The nation was briefly implicated in the ongoing FTX crisis, with claims circulating that it owned BTC on the defunct cryptocurrency exchange.
In a chat with Binance’s CEO, Changpeng Zhao, Bukele disputed the rumours immediately after that.
Tron’s Justin Sun “echoed” Bukele’s vow from today by stating that they would also purchase one bitcoin every day beginning tomorrow.”