El Salvador’s president pledged on Thursday to buy one bitcoin per day, as the cryptocurrency industry reels from the collapse of FTX and other players. President Nayib Bukele promised to increase the country’s holdings on Twitter. According to CoinTelegraph, the country owns 2,381 bitcoins, which were purchased for an average of $43,357. El Salvador, the only country where bitcoin is legal tender, is in financial trouble, though its cryptocurrency experiment, while costly, is not at the root of the country’s problems.
