#BTCMove #XRPRise #BinanceAlphaAlert

Market participants, including nation-states like El Salvador, are awaiting the U.S. Department of Justice’s (DOJ) next steps regarding the fate of the bitcoin seized as part of the Silk Road market takedown. On social media, President Nayib Bukele recently hinted at potentially acquiring some of these coins for his country, taking advantage of the recent market slump to acquire more BTC.

Answering a post reporting on a federal judge greenlighting the sale of these assets, Bukele stated:

Maybe we’ll all get the chance to buy bitcoin at a discount!

Even with the recent pullback in BTC prices, Bukele has deepened its strategic bitcoin reserve strategy, ramping up the acquisitions. The Salvadoran Bitcoin Office reported a new purchase of 11 bitcoin on January 8, showing that Bukele took advantage of the price pull and bought the dip.