Following the recent news that El Salvador plans to make cryptocurrency legal tender, it was revealed yesterday that every Salvadoran adult who downloads the government’s Bitcoin wallet app will also be eligible for an airdrop of $30 worth of BTC.
The announcement was welcomed by Bitcoiners and Crypto enthusiasts, with influencers speculating El Salvador’s government will need to purchase the required BTC it intends to distribute adding more than $100 million in buying pressure on markets.
This is surely good news for the struggling cryptocurrency after recent dips and drops have everyone fearing the start of the bear market. Bitcoin recently recovered some losses and is currently trading around $34,000.