Nayib Bukele

The President of El Salvador Nayib Bukele has announced the nation will build 20 new schools with Bitcoin profits.

El Salvador’s President Nayib Bukele confirmed via Twitter Wednesday evening that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market.

The Bitcoin price crossed $50,000 on Tuesday morning, almost one month after El Salvador adopted it as legal tender.

On Sunday evening famous whistleblower Edward Snowden commented on Bitcoin’s resilient price rise over the last year and a half despite global campaigns by governments to undermine the network.

El Salvador’s President Nayib Bukele confirmed that the Latin American nation has successfully onboarded over 3 million users to its Chivo wallet app in just 26 days.

President Bukele revealed gas stations in El Salvador will begin selling each gallon of fuel at a $0.20 discount for those who pay using the Bitcoin Chivo wallet.

On Tuesday Nayib Bukele, President of El Salvador, released a new video showing a geothermal facility with Bitcoin mining machines operating on the side of a volcano.

El Salvador President Nayib Bukele gives us an update on the adoption progress of their government Bitcoin app - Chivo Wallet.

El Salvador has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market.

Tracing Bitcoin’s journey in El Salvador, from new hope in a small village to a new law by an increasingly authoritarian government.