The Salvadoran government has invested over 1 billion dollars in buying in bulk! Has the signal for a "super rebound" of Bitcoin been sounded?
According to the financial news app, the Salvadoran government, which will officially recognize Bitcoin as legal tender this week, has increased its holdings of Bitcoin by over $1 billion. In the eyes of veteran analysts in the cryptocurrency industry, this move by El Salvador seems to be "buying the dip" in the value of Bitcoin, the largest market cap cryptocurrency, as it experiences a new round of sharp declines, possibly indicating a major signal that Bitcoin, which has recently fallen by nearly 30% from its all-time high and just dropped below $90,000, is about to embark on a "super counterattack".
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