El Salvador buys 21 more bitcoins to mark the last ‘21st’ of 2021

To celebrate the last Bitcoin days, El Salvador bought 21 more bitcoins that will equal the year. It’s a small gesture on a grand stage, ensuring that these coins won’t be lost. What’s your excuse?

El Salvador buys 21 more bitcoins to mark the last ‘21st’ of 2021 

Some people are already screaming about how this is silly because there are only so many Bitcoin left, and we’re never going to run out. The country also recently put restrictions on selling or buying them, just in case anyone was still interested in purchasing them from El Salvador.

The National Treasury of the Republic of El Salvador (TES) has bought another 21 crypto-assets so that the total portfolio of bitcoin, ethereum, and other cryptocurrencies is $ 21 million.

According to the minister, when the Central Bank bought that amount in January, it cost more than $ 9 million. Taxes paid with crypto-assets will also be channeled to social projects derived from UN agreements. In this way, we will contribute to social causes related to gender inequality and sustainable development.

El Salvador joins other countries such as Venezuela and Ecuador to remove themselves from U.S.-backing dollar systems and enter into a world united by Bitcoin.

El Salvador is one of the few countries that want to become a global crypto-nation.

El Salvador has bought 21 more bitcoins to mark the last ‘21st’ of 2021

The National Treasury of the Republic of El Salvador (TES) has bought another 21 pieces so that the total portfolio of bitcoin, ethereum, and other cryptocurrencies is $ 21 million.

According to the minister, when the Central Bank bought that amount in January, it cost more than 9 million. The taxes paid with crypto-assets will also be channeled to social projects derived from UN agreements. We will contribute to social causes related to gender inequality and sustainable development.

El Salvador joins other countries such as Venezuela and Ecuador to remove themselves from US-backed dollar systems and enter into a world united by Bitcoin

Cryptocurrency: El Salvador 

Last week, El Salvador’s Central Bank announced that it had recently acquired 21 more bitcoins to mark the last ‘21st’ of 2021 for the El Salvadorian colone.

Developed by Satoshi Nakamoto in 2008, bitcoins are digital tokens that exist only in cyberspace. They are not physical notes or coins like most other currencies, and they can be divided into smaller units called satoshis (named after their creator). There is no physical form at all. It is secured by an army of supercomputers worldwide committed to solving complicated mathematical challenges so intensively that they require vast amounts of energy to accomplish.

The purchase was revealed by El Salvador’s Central Bank on its website, stating that the amount of 21 bitcoin units was 9.8 million colones (almost $37,000 at today’s price).

El Salvador is one of the country’s least developed in Latin America, the poorest nation in Central America, and is home to some of the world’s largest mega parks. It echoed other nations like Venezuela when it decided to use bitcoins as a means of payment for its citizens. The country’s central bank has moved recently towards sanctions that foster Bitcoin adoption and use among its population.

The Central Bank of El Salvador is part of the more prominent Banco Central de El Salvador, which operates as a financial institution, acting as the monetary authority for all national currencies. The country’s population is approximately 6.9 million people, and the average salary is around $250 per month. Latin American bitcoin trading volumes are shallow compared to other regions, with just over 300k USD during the first three months of this year (over half of which was solely in Venezuela).

On May 15th, 2018, the Central Bank announced it would release a new digital currency under President Morales’ government plan backed by its gold reserves.

The country is notable for being the first country to use bitcoin (after using a derivative of bitcoin known as the Bitcoin ATMs) as a means of payment, doing so in the early days of 2010. Since then, it has been seen and heard again to be using cryptocurrencies. In addition to its use in commerce, El Salvador is also home to several primary cryptocurrency mining operations.

What’s your excuse?

El Salvador’s government hopes that cutting out central banks will help boost its economy and increase available liquidity for its citizens. El Salvador’s Central Bank currently maintains reserve assets equivalent to roughly USD 3 billion.

El Salvador has joined bitcoin by purchasing 21 bitcoins from the United States in a historic moment. This marks the last day of 2021 and the first day of 2022 in “El Salvador Time” (EST).

This purchase was anticipated by many since it means El Salvador will be able to partake in cryptocurrency, which is cheaper to use than cash or other traditional methods for international transactions. There are only six more countries left that have not invested in bitcoins. What are they waiting for? There’s no excuse!

The United States is the first country to start cryptocurrency, and El Salvador is the last. These 21 bitcoins represent a total investment of $10,000 US dollars. This is not just a fun moment in history, and it means much more than most people realize.

The first bitcoin was mined on January 3rd, 2009, by Satoshi Nakamoto. He released the Bitcoin Whitepaper on October 31st, 2008, under the alias “Satoshi Nakamoto. In the Whitepaper, which is now Bitcoin’s Constitution, Satoshi Nakamoto released the following statement:

“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party. The paper is available at:

It’s still a work in progress. Forgive me if I’m coming across as a fanboy. I’ve been going to school for computer science and math, but I have difficulty finding work. So I am hoping this will be the answer to my prayers.”

So this priceless purchase marks a momentous day not only in cryptocurrency but also in history itself. This marks the first time in history that a country has ever paid Bitcoin to another country. El Salvador is taking this opportunity to show the world what is possible. To the following six countries remaining, you need to get on board!

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