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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Amidst the crypto crisis and Bitcoin losing its key level, El Salvador’s Nayib Bukele seems to be all set to purchase Bitcoin yet again. The President announced that they will recommence Bitcoin accumulation where they will buy one Bitcoin each day, commencing from Nov 18. However, the details on how long the country will proceed with this plan is yet to be revealed.
El Salvador became the first country to use Bitcoin as a legal tender starting on September 7, 2021. Until now, it has accumulated nearly $375 million worth of Bitcoin. Nayib Bukele has been one of the biggest supporters of Bitcoin and has stood against the warnings received by the IMF and World Bank.