Salvadoro prezidentas, Nayib Bukele, announced that the country bought 500 Bitcoin at a price of $30,744 each, executing the famous „Nusipirk dip“. It is unfortunate that the attitude of the citizens seems to be not so optimistic.
El Salvador and the largest “buy the dip” of Bitcoin announced by the President
Pirmadienį, Nayibas Bukele, Salvadoro prezidentas announced that the country has purchased 500 Bitcoin at a price of $30,744 each, executing the famous „Nusipirk dip“.
Vakar Bukele pointed out that thanks to that move, if he decided to sell BTC, he could have a gain of almost $1 million in 11 hours.
Galėčiau parduoti šias monetas dabar ir uždirbti beveik milijoną dolerių vos per 11 valandų, bet, žinoma, ne? https://t.co/BrZx3dwA5q
- Nayibas Bukele (@nayibbukele) Gali 10, 2022
“I could sell this coins right now and make almost a million dollars in just 11 hours, but of course not”.
“El Salvador just bought the dip! 500 coins at an average USD price of ~$30,744”.
Pranešama, this is the largest volume of Bitcoin purchased by El Salvador, at least since BTC became the country’s legal tender last September 2021. And in fact, the last substantial purchase of 410 BTC was made in January, when the price was $36,585.
El Salvador now holds 2,301 Bitcoin, worth about $73 million at current prices.
El Salvadorans not very optimistic about the “buy the dip”
While Bukele expresses happiness over his financial moves in crypto, El Salvadoran citizens, on the other hand, don’t seem to want to follow his optimism. On the contrary, under the tweet there are many who have shared the “Nayib Tracker”, adding several comments.
Off course not! You’re still in red by far, but I don’t a hater, so luck look with that pic.twitter.com/8rWTFnIsPf
— Señor x (@Unavelaalavez) Gali 10, 2022
“Off course not! You’re still in red by far, but I don’t a hater, so luck look with that”.
Kitas Čivināšana skamba taip:
“When you are a politician, but you forget that in finance there is nowhere to sell smoke. Numbers not words. Far from making profit (by far)”.
Chivo and BTC don’t take off
According to a National Bureau of Economic Research (NBER) apklausa released last month, it appears that only 20% of Salvadorans are still using the Chivo e-wallet. Not only that, it appears that these active users are not using the country’s crypto-wallet for BTC, but to exchange and store dollars.
This is just one example of how Bitcoin Salvadore seems not to be taking off. After the initial boom due to the news and the $30 in BTC distributed for free by the government, there seems to be no development in this regard after that.
Ir iš tikrųjų, daily BTC transactions in El Salvador are still low and concentrated in the educated, young and those already using traditional banking services. The “unbanked” citizens apparently still use cash.
Source: https://en.cryptonomist.ch/2022/05/11/el-salvador-buy-dip-500-bitcoin/