El Salvador Is Buying Bitcoin on the Dip, but Warren Buffett Isn't Impressed

The government of El Salvador sees a buying opportunity in the lower Bitcoin (CRYPTO: BTC) price. President Nayib Bukele announced that the country bought another 500 Bitcoins this week, boosting its Bitcoin holdings by 28%.

President Bukele announced the Bitcoin purchase in a tweet.

"El Salvador just bought the dip!" he wrote. "500 coins at an average USD price of ~$30,744."

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Source Fool.com