@rezoanulvibesOnNoiseApp
1# El Salvador, the world's first nation to recognize Bitcoin as legal tender, creates positive vibes in crypto with its moves. After announcing Bitcoin as an official and legal tender in September 2021, they started buying Bitcoin at different times. Recently El Salvador's president Nayib Bukele tweeted about buying one Bitcoin every day. According to Buy Bitcoin Worldwide, El Salvador holds 2,381 bitcoin at an average buying price of $43,357. Since they started accumulating BTC in the bull run, it shows losses in the balance sheet. But El Salvador does not plan to sell Bitcoin, instead decides to keep buying and accumulating BTC now at a low price. No one knows how long the crypto market remains in this bear market. Buying BTC at this time offsets some of its losses and brings the average buying price low.
3 comments
I like that. Good times to buy and DCA. If they can survive this bear market, there's a brighter future ahead. Good for them!
The next bull run will be way more exciting. It is time to do DCA and accumulate crypto for the long term!
That's right!