A Brazilian initiated Reddit community is willing to buy $30 in Bitcoin tomorrow to support Salvadoran’s new legal tender
Social media users are making a movement to pump Bitcoin’s price in order to support El Salvador’s adoption of the cryptocurrency as a legal tender. The initiative began with Brazilian Reddit users who assembled more people to be a part of the action.
It was suggested that the users purchase $30 worth of Bitcoin to add to the pump. The idea on the Reddit thread was to raise circa $99,505,860 using the basic math of multiplying the number of community members times $30.
They chose the amount of $30 to collaborate because that is “the amount the Salvadoran government is planning to airdrop into people’s controversial state-run Chivo wallets as part of a national adoption plan”, said the twitter user Alex Gladstein who was one of the people who spreaded the Reddit thread.
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According to the member of the community who suggested the initiative the idea was supposed to be a support rather than a pump – considering that El Salvador’s is going to be the first country to adopt Bitcoin as a legal tender.
Since the crypto launch is scheduled to happen at 3pm PST, the community decided that they’ll do the pump by 2pm – an hour before the launch.
