El Salvador’s President Nayib Bukele stated that he would buy a Bitcoin every day, which started a new trend.
The effects of the crypto bear market have left the industry pessimistic. While crypto maximalists fell silent, the voices of bearish investors began to grow louder. In particular, the announcement of FTX’s bankruptcy caused disagreements among crypto investors. While many investors state that there is no bottom zone for Bitcoin yet, other investors argue that the bull market is close. In all this turbulent period, the move came from the President of El Salvador, Nayib Bukele.
Crypto Investors Will Receive Bitcoin Every Day
The move by El Salvador President Nayib Bukele started a new Bitcoin trend in the crypto industry. The biggest support for Bukele came from Justin Sun. Tron founder and Huobi partner Justin Sun agreed with Bukele’s decision, stating that he would buy one Bitcoin every day.
This trend, which started on the social media platform Twitter, was supported by many crypto money investors. Anonymous accounts stated that they will buy Bitcoin every day within their budget.
One Bitcoin Every Day – El Salvador
Known for its proximity to cryptocurrencies, El Salvador will continue to buy Bitcoin (BTC) despite criticism. The president of the country, Nayib Bukele, underlined that they will receive one BTC every day from tomorrow.
Making the first BTC purchase in late 2021, El Salvador has spent $103.6 million to date. There are a total of 2381 BTC in the country’s coffers. Despite a loss of approximately 65 percent, Bukele insists on making a purchase.
El Salvador will begin its purchases from tomorrow. The country, which will receive one BTC every day, is expected to spend an average of 550 million dollars per month. It means that there will be an annual expenditure of 6.6 million dollars.
We are buying one #Bitcoin every day starting tomorrow.
— Nayib Bukele (@nayibbukele) November 17, 2022
El Salvador became the first country to adopt BTC as the country’s currency and central bank reserve unit. However, this situation has recently brought criticism on the part of the public.
One Bitcoin Every Day – Justin Sun
Tron founder and Huobi partner Justin Sun has become the second enterprise to declare that he will buy one Bitcoin (BTC) every day. Having an important position in the crypto industry, Sun is among the most supportive of BTC. Sun will also support the recovery fund launched by Binance.
In addition, Huobi partner Justin Sun attracted attention with his $ 150 million BTC purchase last year. Trading at an average of 36 thousand dollars, Sun bought 4145 BTC. The Tron founder has often stated that he will continue to support them after all these processes.
https://twitter.com/justinsuntron/status/1593123899390431232
The Tron founder has approximately $71 million in a wallet. Among this asset, there are 8 different stablecoins. Sun, who will receive one BTC every day, is expected to spend an average of $ 550 million per month. It means that there will be an annual expenditure of 6.6 million dollars.
Bitcoin Every Day – Cryptocurrency Investors
Cryptocurrency investors also stated that they will support this trend. Many investors stated that they will buy a certain amount of Bitcoin (BTC) every day.
Justin Sun also supported an investor who wanted to buy $100 BTC every day. Sun claimed that it would make a huge impact if everyone in the world bought $1 worth of BTC a day.
https://twitter.com/justinsuntron/status/1593126304685391872
Small investors’ support for this trend is also increasing. Many small investors said they would start buying between $1 and $10.
Strong corporate names have not yet participated in the daily BTC purchase, which has become a trend.
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