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El Salvador leader buys more…

SAN SALVADOR, El Salvador (AP) — El Salvador’s Bitcoin-boosting president was back at it again Thursday, doubling down on his country’s losing investment in the cryptocurrency by buying over $1.5 million more. President Nayib Bukele wrote on his Twitter acount after posting the purchase: “Bitcoin is the future! Thank you for selling cheap.” Bukele said his government purchased 80 Bitcoins at $19,000 apiece. That is less than half the average price the government paid for its previous $105.6 million stake. According to the tracking site nayibtracker.com, starting last September, El Salvador has paid an average of almost $46,000 per coin, for a loss of 56%, or around $59 million.In mid-June, after the crypto currency fell below $20,000, Bukele wrote, “I see that some people are worried or anxious about the #Bitcoin market price.” “My advice: stop looking at the graph and enjoy life. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market,” he wrote at the time. “Patience is the key.”ADVERTISEMENTBukele became the first leader in the world to make the cryptocurrency legal tender last year and was still a devoted booster in May, when he boasted of “buyin …

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