El Salvador now holds 1220 BTC.
Hello everybody...
While everyone is panicking again about the new variant of the COVID Omicron, the markets are falling sharply, for example the stock prices in several markets such as In the Asian markets, the Nikkei index in Tokyo and the Hang Seng in Hong Kong fell more than 2%. In addition, again, the industry that has been hardest hit is the travel-related industry. Even the cryptocurrency market fell another notch, the price of bitcoin retreated to 6-week lows, sending the market into FUD and FOMO.
But despite the uncertainty about the new variant and all the bad things that can happen in the crypto or stock markets, El Slavador has announced that he has bought bitcoin at a 20% discount taking advantage of the black friday when prices fell. They made a purchase of over $5 million with which they acquired 100 BTC and added to the nation's balance sheet and now have over 1200 BTC in their assets.
Imagine what would happen if everyone thought like the president and bought on the dip regardless of the FUD they spread on the news? Well, the crypto market would be the most important in the world.
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