El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one Bitcoin every day, starting today.
The move to dollar-cost-average (DCA) into bitcoin (BTC) is common in the community, however novel for a nation state.
Currently, the country holds a Bitcoin treasury of 2,381 BTC, valued at over $39 million. Bukele has made a habit in the past of making large purchases of the king crypto (BTC) during times of market volatility and buying the dip (BTFD).
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