El Salvador giving the world hope in the darkest of times! Read More 🧵 btc elsalvador inflation
A BITCOIN a day
keeps INFLATION away!
The announcement comes months after El Salvador’s last Bitcoin purchase of 80 BTC (at avg. price of 19,000/coin) in July 2022.
But what’s the reason behind it? In June 2021, El Salvador announced Bitcoin as legal tender in hopes of solving long-standing economic issues.
Since then it has been buying BTC at an average price of 43,000, while the current market price is just over 16,500.
As per reports, El Salvador currently holds around 2,381 BTC for an average price of 43,357.this twitter thread.