El Salvador creates history after buying 400 Bitcoin (BTC)
President Bukele of El Salvador has announced that the country has purchased 400 Bitcoin.
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The recently announced fund is set to supercharge Terra’’s booming ecosystem, while the network’s most pivotal upgrade approaches.
Digital asset investment products saw a second consecutive week of inflows, breaking the longest bearish streak the market has seen in the past three years.
With significant exposure to gold and precious metals, the company decided to gain exposure to the crypto industry through the Grayscale Bitcoin Fund.
Data shows large holders of Bitcoin are buying the asset even as prices dipped this week.
Altcoin developments are converging to culminate in an eventful rest of 2021.
In a recent interview, the managing director of Midas Consulting has predicted that the value of Bitcoin could reach $100k within the next 6 months