Bitcoin scarcity rises as bad exchanges take 1.2M BTC out of circulation

Bitcoin scarcity rises as bad exchanges take 1.2M BTC out of circulation

One of the biggest factors differentiating Bitcoin (

Salvadorean President Nayib Bukele announced plans to acquire 1 BTC every day starting from Nov. 17, 2022.

Public records show that El Salvador currently holds 2,381 BTC at an average buying price of $43,357. However, stagnant Bitcoin performance opened up a window of opportunity for the country to substantially bring down its average price of Bitcoin acquisition.

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