Bukele Showcases Bitcoin City Plans and ‘Buys the BTC Dip’ Amid Stark Warning

After weeks of silence on all things bitcoin (BTC)-related, El Salvador’s outspoken President Nayib Bukele has taken to Twitter to announce that his government has bought USD 15.4m worth of BTC – and to showcase plans for Bitcoin City. However, voices of opposition are continuing to issue warnings, with a former chief of the central bank hitting out at Bukele’s plans to fund the city’s construction with a bitcoin bond issuance.