El Salvador Buys the Dip: Why a $100 Million Bitcoin Purchase Matters in a Fragile Market

The market unraveled fast over the weekend. Bitcoin broke under $90,000, taking the year’s progress with it, and retail sellers flooded out in panic, with the exception of El Salvador. Mr Saylor … I don’t feel so good El Salvador loaded up on approximately 1,100 BTC, a $100M purchase made right as the floor was giving way, making it the lone country to double down during the drawdown. Think about it, we have all of this going for Bitcoin this year, and it is still crashing: M2 money supply pumping De ...