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El Salvador Leader Bukele Extends Bet on Bitcoin After 16% Loss

  • ‘They can never beat you if you buy the dips’ Bukele says
  • Describes himself as ‘dictator of El Salvador’ in Twitter bio
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El Salvador's Crypto Adoption Explained

El Salvador is doubling down on its Bitcoin bet as the price plunges, with its president saying, “They can never beat you if you buy the dips”. 

The country took advantage of the recent fall in prices to buy another 150 coins, taking its total to 700, President Nayib Bukele said in a post on Twitter. Bukele made the comments late Sunday night, before the sell-off accelerated on Monday.