Tag Archives: Nayib Bukele

For bitcoin and cryptocurrency fans, the name Nayib Bukele should ring several bells. As the president of El Salvador, the man was tasked with integrating bitcoin as legal tender in his country. Nayib Bukele Should Be Admired for His Bitcoin Plans Bukele has clearly done this for no other reason than to keep his people financially safe and independent. He’s not only a bitcoin believer, but a true leader in that he has taken it upon himself to do something quite difficult...

It looks like Bitcoin City – a project set to come to fruition in El Salvador – is encountering a few problems. While it’s unclear if plans for the city are on hold, many officials believe that President Nayib Bukele will not be able to fulfill his promises. Bitcoin City Is Garnering Mixed Reactions Bitcoin City was announced some time ago as part of the country’s ongoing bitcoin initiative, which ultimately began in September of 2021. Thus, it can be said that bitcoin...

It can be argued that El Salvador wants to become a completely sovereign nation. This is potentially why the country is looking to get rid of fiat and become so dependent on bitcoin. It wants to be completely independent and not have to rely on any other region. El Salvador Wants to Be in Charge of Itself Thus, it makes sense that Nayib Bukele – the president of El Salvador – doesn’t want a bunch of U.S. senators and politicians sticking their big noses into his bitcoin...

Bitcoin is a limited currency. It is finite and all set to run out someday. While the asset will likely always remain in circulation to some degree, there are only 21 million units of BTC, and about 90 percent of that has already been mined and added to the blockchain. Nayib Bukele – the president of El Salvador – sees this as a good thing. Nayib Bukele Things Bitcoin Is Going to Shoot Up in Price While bitcoin may be limited and thus very concentrated in the future,...

The price of bitcoin has plummeted to a new low. At the time of writing, the world’s number one digital currency by market cap has fallen into the low $33,000 range, losing more than $5,000 from where it was last weekend. While there are many analysts and industry heads out there that are very concerned about the state of the crypto market, some – like Nayib Bukele, the president of El Salvador – are using the dip to their advantage and have bought up more BTC and grown...

Turkey – in the middle of its currency crisis – appears to be taking advice from and meeting with the most unlikely contender: El Salvador. Turkish president Recep Tayyip Erdogan recently met with Nayib Bukele as the country experiences one of the worst national currency crises in its long history. Could Turkey be the next big nation to declare bitcoin legal tender, and what will it learn from utilizing crypto? Will Turkey Be the Next Country to Declare BTC Money? The...

El Salvador in Central America has just purchased a total of 21 additional bitcoins. The country has made a habit of “buying dips” every time bitcoin’s price goes lower and this incident was no exception. El Salvador Adds to Its BTC Stash The country initially made headlines several months ago when it was announced it was working on a bitcoin-based financial agenda that would see the cryptocurrency – number one in the world – become legal tender. This meant it could be...

Bitcoin has experienced a price decline of nearly eight percent over the past week, and El Salvador was quick to take notice. The country’s president Nayib Bukele recently announced that the nation has bought the dip and added approximately 100 new units of bitcoin to its balance sheet. El Salvador Buys More BTC El Salvador has become a big bitcoin haven as of late. Recently, the nation announced plans to launch an entire city based on BTC. The area will feature malls,...

El Salvador says it is looking to utilize some of the profits it’s made from holding and trading bitcoin to build roughly 20 schools throughout the country. El Salvador Will Rebuild Its Education System The announcement came by way of Nayib Bukele, the nation’s president. Not long ago, the nation of El Salvador took advantage of a bitcoin dip that saw the world’s number one digital currency by market cap fall to roughly $59,000 per unit. From there, the currency rose...

Nayib Bukele – the president of El Salvador – has confirmed a purchase of approximately 420 bitcoins now that the currency has fallen below the $60,000 line. Bukele stated that he and his country are looking to “buy the dip” and expand their crypto horizons through the purchase. El Salvador Adds a Lot of BTC to Its Stash Not long ago, the world’s number one digital asset by market cap rose as high as $66,000 per unit. Now, the currency has fallen into a bit of a hole and...