BNTX - Wall Street Breakfast: Reddit Targets Bitcoin
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Reddit targets BitcoinThe Bitcoin (BTC-USD) subreddit community is looking at a coordinated plan to buy the cryptocurrency to commemorate El Salvador's law making it legal tender. President Nayib Bukele tweeted yesterday that the country had purchased a total of 400 Bitcoins.It was three months ago (and with the price at $35K) that Bukele made a surprise appearance at Miami's Bitcoin 2020 conference to announce plans to make the crypto legal tender in his country.The law in El Salvador goes into effect at 3 PM local time (5 PM ET) and citizens will be able to download a digital wallet and receive $30 in Bitcoin after entering their ID number. Bitcoin is now down about 1%, moving below $52K.According to tweets, a large Brazilian Reddit (REDDIT) community
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Wall Street Breakfast: Reddit Targets Bitcoin