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It’s a big day for El Salvador on Tuesday, as the country’s new legal tender law will be applied. A large number of bitcoin supporters plan to buy $ 30 worth of bitcoin to show their support for the upcoming implementation of the Bitcoin Offerings Act. The $ 30 increase was designed because Salvadoran President Nayib Bukele pledged $ 30 in free bitcoin to every Salvadoran citizen with a government wallet.
In less than 24 hours, El Salvador officially adopts Bitcoin as legal tender
On Wednesday, September 7, 2021, Salvadoran Bitcoin Offerings Law will come into effect. The currency change has focused the whole world on the tiny country in Latin America, as people are very curious about what will happen once bitcoin becomes legal tender. On June 25, Bitcoin.com News reported that Salvadoran President Nayib Bukele told citizens that anyone with a government-backed digital currency wallet would receive $ 30 worth of free bitcoin. Bukele said at the time:
It will be in the Chivo app where we will deposit the equivalent of $ 30 in bitcoin to promote its use in the economy and encourage people to use the app.
# 30for30, # 7septemberbuybtc, #buybtctuesday
Now, with less than 24 hours until the crypto asset becomes legal tender, bitcoin supporters have started a trend on social media to get a group of people to buy $ 30 worth of BTC to show their support for Salvadorians. On social media platforms like Facebook and Twitter, as well as posts on Reddit, hashtags like “# 30for30” “#buybtctuesday” and “# 7septemberbuybtc“have been all the rage. A specific recently published Reddit post read,” Buy at least $ 30 tomorrow at 5:00 p.m. EDT (2:00 p.m. Pacific, 9:00 p.m. GMT). “
# 7SeptemberBuyBTC pic.twitter.com/C4IQRsmz71
– RayG (@ RayG12461680) September 6, 2021
The post was deleted from the Reddit r / bitcoin forum, but before it was deleted many people commented on the topic. “Too late, I bought $ 30 now,” exclaimed a Redditor. “Yeah, I thought it was today… I guess I’ll buy more tomorrow too.” And every day after, ”wrote another Redditor.
BREAKDOWN: At the same time, El Salvador #bitcoin the bill will become law, at 3 p.m. on september 7 a huge Brazilian Reddit community, with over 3 million members, will buy $ 30 in #bitcoin everyone remembering that September 7 is Brazil’s Independence Day. More and more users are joining.
– Satoshi Nakamoney (@nakamoney) September 5, 2021
On Twitter, the comment is similar, as many people on the platform are trying to get bitcoins to buy for $ 30 worth of BTC in support of El Salvador’s transition to bitcoin.
Michael Saylor: “Every Cyber Hornet I know plans to buy $ 30 in Bitcoin tomorrow in solidarity”
Microstrategy CEO Michael Saylor also wrote about the $ 30 purchase of BTC on September 7. “On September 7, El Salvador will officially begin using bitcoin as its national currency alongside the US dollar,” Saylor said. tweeted. “All the cyberbugs I know are planning to buy $ 30 in BTC tomorrow in solidarity with the people of El Salvador and their leader Nayib Bukele. Do you want to join us? ” Saylor asked while also sharing a “yes” or “no” poll.
Chile 1 p.m. #bitcoin ??# 7SeptemberBuyBTC
– Kensou (@Djkensou) September 6, 2021
As of this writing, 39,949 Twitter accounts voted on the Saylor poll and 83.4% said “yes” while 16.6% said “no” to the question “Would you like to join us” by Saylor. One person replied to Saylor’s tweet and noted: “I’ll make $ 300 and you make $ 3 million.” On Reddit, one person said he didn’t think “it’s going to impact the price at all. The effect on the price occurred when the news was first announced, ”he said. However, one person said that buying $ 30 worth of BTC is not about moving the price of bitcoin. He underlined:
This is not to affect the price. It is about recognizing and celebrating a historic moment.
What do you think of bitcoins trying to convince others to buy $ 30 worth of bitcoin on September 7th? Let us know what you think of this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Twitter,
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