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El Salvador Will Buy One Bitcoin Daily Until It's 'Unaffordable' With Fiat Currencies: Bukele

Posted on AllSides March 17th, 2024
From The Center

El Salvador, a country whose Bitcoin strategy has been at center of attention amid the cryptocurrency's rally in recent weeks, isn't done building its BTC treasury as its leader pledged to double down on the nation's purchases. President Nayib Bukele announced Saturday that his country will continue to purchase one Bitcoin daily until the world's first decentralized cryptocurrency "becomes unaffordable with fiat currencies." The crypto community on X (formerly Twitter) immediately huddled under Bukele's post, hailing Bukele, a Bitcoin maximalist, a "legend" for making such a decision. Amid the congratulatory...

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