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El Salvador Weekly: With Bitcoin Bond Fading, President Bukele ‘Buys the Dip’

El Salvador President Buys the Bitcoin Dip

Given the unpopularity and slender use of bitcoin as a currency in El Salvador, you’d think that President Nayib Bukele’s decision to spend another $15 million of the nation’s treasury buying more bitcoins on Monday (May 9) – right as the crypto market began to panic as a stablecoin collapsed – might have some impact on his popularity.

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