El Salvador buys 21 Bitcoin to celebrate December 21, 2021
When El Salvador’s president announced that the Central American country would be celebrating December 21, 2021 in a way to honor the date of creation of Bitcoin (BTC), it was almost as if he saved up for years and finally bought some BTC. The reason why? Well, for one thing, because this is when there will be an extra day created by adding seven days onto our calendar every few hundred years or so. For another thing, because many people think that Bitcoins are going to hit $50k or more before ending 2033 – on top of which point at least 12 other countries have also made similar plans.
The “twitter bukele bitcoin” is a tweet from the government of El Salvador that announced that it would be buying 21 Bitcoin to celebrate December 21, 2021.
El Salvador’s government continues to mark important days by purchasing additional Bitcoin (BTC), with president Nayib Bukele announcing a fresh purchase of 21 BTC on Tuesday.
El Salvador’s newest BTC investment, worth roughly $1,036,000 at the time of writing, is to mark the “final 21st day of the year 21 of the twenty-first century” and the scarcity of Bitcoin, since its supply is restricted to 21 million BTC, according to Bukele.
El Salvador’s total area is estimated to be roughly 21,041 square kilometers, which Bukele believes is no coincidence given that El Salvador was the first nation in the world to embrace Bitcoin as legal cash.
And this is the final day of the twenty-first century’s year 21 https://t.co/9BitXCyDVs
December 22, 2021 — Nayib Bukele (@nayibbukele)
According to CoinGecko statistics, BTC was trading just over $49,000 at the time of purchase.
After the government purchased its first 200 BTC in early September in conjunction with the adoption of Bitcoin as legal money on Sept. 7, buying Bitcoin has progressively become a means of commemorating various milestones and playing around with significant dates or numbers in El Salvador.
El Salvador celebrated Black Friday on Nov. 26 by purchasing 100 bitcoins at a price of roughly $54,000 each bitcoin, totaling 1,220 bitcoins.
Related: Only 10% of Bitcoin’s supply remains to be mined
In October, soon after Sam Bankman-FTX Fried’s crypto exchange collected $420 million from 69 investors, the Salvadoran government made a large 420 BTC buy. According to some industry insiders, both utilized the term “420” to allude to cannabis culture slang for marijuana.
In a Series B funding round, FTX raised $420,690,000.
The internet has never been vanquished.
October 21, 2021 — Pomp (@APompliano)
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Bitcoin has been around for a while. The cryptocurrency is known to have a volatile market and its price can change quickly. On December 21, 2021 the country of El Salvador will be celebrating the end of their civil war. They are doing so by buying 21 bitcoin on that day. Reference: bitcoin price.
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