Bukele and Sun commit to buy one BTC every day, starting from Thursday amid fears that crypto exchange FTX’s recent collapse would prolong the ongoing crypto winter.Read MoreCoinDesk
Bitcoin-holder El Salvador President Nayib Bukele and Justin Sun, the founder of the Tron cryptocurrency network and Grenada’s ambassador, have decided to accumulate bitcoin at a pace of 1 BTC per day.
“We are buying one #Bitcoin every day starting tomorrow,” Bukele tweeted late Wednesday. Soon after, Sun announced a similar plan, mimicking Bukele’s accumulation strategy.
One bitcoin was priced at around $16,500 soon before press time. The cryptocurrency has dropped 76% since hitting a record high of $69,000 on Nov. 10, 2021.
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