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El Salvador President Says His Country Could Sell Recently Bought 500 BTC To Make Million Dollars “But Of course Not”

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Bukele boasts that El Salvador would make profits if it sells its recently bought 500 Bitcoins.



BTC price is in a dilemma but El Salvador’s president and Tron founder remain optimistic about a BTC bullish reversal.

As Bitcoin price continues to decline, some BTC advocates remain optimistic about a bullish reversal. One of them is El Salvador president, nayib bukele.

On May 9, Bukele revealed on Twitter that his country El Salvador has bought 500 BTC at an average price of $30,744. However, many people criticized him for messing around with his country’s Treasury.

 

Today, Bukele tweeted again that if he sell his country’s BTC  right now, they would make almost a million dollars in just 11 hours. 

 

But the president says he is not selling any of his country’s BTC holdings.

His response is an apparent reaction to the criticisms he has received following his announcement of buying 500 BTC for El Salvador yesterday.

Like Bukele, who remains optimistic about a BTC price reversal, Tron founder Justin Sun, also shares the same optimism.

As previously reported on Thecryptobasic, Justin Sun retweeted a tweet by the Tron DAO reserve which revealed that the DAO has also purchased 500 BTC. Sun further confirmed that Tron is following the footsteps of El Salvador in increasing their BTC holdings.

Despite massive BTC inflows from whales to exchanges and a general downtrend in the crypto market now, it is a little surprising that El Salvador and Tron DAO are actively buying the current BTC dip.

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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