The Salvador government bought 500 BTC against the backdrop of the fall of the Bitcoin course – Bits Media

The Salvador government increased its reserves of bitcoin, Having bought more 500 BTC during the next fall in the cryptocurrency market.

President of Salvadora Nayb Bukla (Here's to watching) wrote on Twitter, that the government has acquired 500 BTC for the price $30 744 for a coin. Now in Salvador's disposal is 2 301 BTC. This was the largest purchase of Bitcoin Salvador since then, How it was accepted as a legal payment fund in the country.

This is not the first time BTC boughts the book with a sharp drop in the course, Despite the criticism of the International Monetary Fund (IMF). Earlier, the department warned, that the legalization of bitcoin as a payment remedy can be very risky not only for citizens, but also for world financial stability. However, the authorities of Salvador continue to periodically invest in bitcoin, Considering, that these investments will help to solve the problem of inflation in the country.

Meanwhile, Salvador is already beneficial from the introduction of bitcoin. Profit, obtained from operations with this crypto acting, used for the construction of schools and assistance to animals. Recently, the Central African Republic followed the example of Salvador, which legalized bitcoin in the hope of restoring the country's economy.

Over the past few days, the Bitcoin course "sagged" almost on $10 000, Seeing below $30 000. However, the book is confident in the optimistic future of the first cryptocurrency. According to his forecasts, This year, the BTC course will jump to $100 000, And this is only a "issue of time".