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El Salvador President Says Bitcoin ‘Really Cheap’ Amid Dip

Nayib Bukele

Nayib Bukele

Photographer: Camilo Freedman/Bloomberg

El Salvador President Nayib Bukele, who’s known to “buy the dip” amid Bitcoin selloffs, didn’t disappoint crypto-enthusiasts on Friday by revealing that the Central American country purchased more of the cryptocurrency as it fell around 11%.

“Some guys are selling really cheap,” he wrote on Twitter, adding that the country had purchased 410 Bitcoin for $15 million.