movement on social media is calling for people to buy small amounts of Bitcoin in support of El Salvador’s plan to make the token legal tender.
Users on platforms including Twitter and Reddit are discussing plans to buy $30 worth of Bitcoin en masse on Sept. 7 to mark El Salvador’s Bitcoin law coming into effect. The potential coordinated price pump echoes previous online campaigns targeting meme stocks like GameStop Corp.
El Salvador has begun installing Bitcoin ATMs to allow citizens to convert the token into U.S. dollars, and the government has created a $150 million fund to back
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