El Salvador Now Owns 700 Bitcoin as President Bukele Buys Value Dip

El Salvador’s President Nayib Bukele confirmed through Twitter Monday that the Latin American nation has purchased the “Bitcoin value dip,” exchanging {dollars} for Bitcoin at a time he believes it stays undervalued by the worldwide market.

The worth of Bitcoin was round $45,700 {dollars} on the time of Bukele’s tweet asserting the acquisition, down from highs close to $50,000 earlier within the week.