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El Salvador President Nayib Bukele foresees bitcoin reaching the long-elusive six-digit price this year amid increasing adoption as a sovereign currency.In 2022, bitcoin will reach $100,000 and two more countries will adopt the digital asset as legal tender, Bukele tweeted on Sunday, adding that the cryptocurrency will also become a
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Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized gains into new infrastructure projects including a hospital
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Construction will begin next year in the current location of the military school, which will be rebuilt elsewhere with twice its current capacity, the president said. Dec 31, 2021 at 2:54 a.m. UTCUpdated Dec 31, 2021 at 2:54 a.m. UTCEl Salvador flag (Getty Images) Original Source
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On Thursday, Salvadoran President Nayib Bukele reaffirmed his belief for Bitcoin (BTC) supremacy on Twitter once again, this time stating that after widespread adoption occurs, “it’s game over for fiat.”The Salvadoran president has been a mainstay in news headlines due to his government’s regular BTC purchases and absolute pro-Bitcoin stance. He has
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On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces “financial ruin” with “Bukele at
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The Salvadoran president, Nayib Bukele revealed on Friday that Chivo wallet users will be able to get a discount on petroleum fill-ups at the largest gas stations in the country. Chivo wallet users paying for fuel will save $0.20 per gallon using the government’s crypto wallet. Salvadoran President Nayib Bukele’s Government
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Almost a third of Salvadorans are actively using the Chivo bitcoin wallet less than a month after the country adopted the cryptocurrency as legal tender, President Nayib Bukele said in a tweet.Some 2.1 million people are using the wallet, Bukele said in a tweet. That’s more users than any bank
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Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit. The controversial president updated his 2.9 million Twitter followers Saturday afternoon, claiming that Chivo “now has more users than
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El Salvador has now marked its 10th day of bitcoin being legal tender in the country. This is a huge milestone that could not have been predicted to happen this soon. But as with bitcoin, everything is happening on an accelerated timeline. The country had introduced its own government-backed crypto
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El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender. “Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the
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