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Tron founder Sun buys 150 BTC like El Salvador



Justin Sun, the founder of the Tron crypto platform, said he bought an additional 150 bitcoin when the market collapsed on December 4th, "to do the same as the El Salvador CEO".


The 31-year-old crypto tycoon announced on Twitter that he has bought the last bitcoin dip . According to Sun, he bought the BTC to do the same thing as El Salvador’s President Nayib Bukele.


Nayib Bukele, who describes himself as the “Chief Executive Officer of El Salvador”, announced on November 4, 2021 that he had acquired another 150 Bitcoin (BTC) for around 7.3 million US dollars on behalf of the Central American country .


"We'll buy every dip, forever."


This was stated by Congressman William Soriano of El Salvador on December 4th, 2021 about BeInCrypto. "This is our long-term Bitcoin strategy to keep buying."


Nayib Bukele: Buy another 50 BTC!

Both Justin Sun and Naybik Bukele took advantage of the last 20% Bitcoin crash to accumulate more coins.


They “bought the dip,” the two said independently, referring to a financial investment practice where you buy an asset after it has fallen in price because you think it is a good deal. Bukele was upset because he bought the dip a little too late. “I missed the low point by 7 minutes,” cursed the 40-year-old president on Twitter.


However, Sun, who is also the CEO of BitTorrent , a file-sharing software company, initially only bought 100 BTC, 50 BTC less than El Salvador.


“You have to buy 50 Bitcoin to catch up,” encouraged Nayib Bukele. “That's only a few million dollars more. Come on!"



Moments later, Sun replied, “Done. Just bought 50 Bitcoin . " In total, the Tron founder spent more than $ 7.1 million on the 150 BTC that day after the top cryptocurrency plunged to a new two-month low.


Bukele and Sun are bullish on Bitcoin

Like Bukele, Sun remains optimistic about the future of BTC, so it continued to add to its BTC holdings. In May, Sun bought 4,145 BTC for $ 152 million after the price dropped below $ 37,000. In addition, the Tron CEO also showed a great fondness for expensive art . He recently spent $ 78.4 million on a work called Le Nez, created in 1947 by Swiss artist Alberto Giacommetti.


For El Salvador, Bitcoin is both part of the present and the future, at least under the leadership of Nayib Bukele. According to official figures, the country that was the first to introduce Bitcoin as an official means of payment currently holds 1,370 BTC. At the current rate, these bitcoins are worth more than $ 65 million. El Salvador is currently keen to launch a Bitcoin- backed bond worth $ 1 billion and is planning to build a Bitcoin city based entirely on the digital asset.


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