No Bitcoin talk: Turkish and Salvadoran presidents meet, leave enthusiasts disappointed
The President of Turkey, Recep Tayyip Erdoğan, welcomed the President of El Salvador, Nayib Bukele. The former welcomed the latter to Ankara, where a discussion was held on a number of issues but not Bitcoin, the world’s biggest cryptocurrency.
Bitcoin talk prohibited?
As Bitcoin (BTC) fell below $40K on Friday, the entire crypto community expected a discussion on cryptocurrencies during the meeting between the presidents. However, it seems that the red market wasn’t much of a concern for either of the presidents.On the other hand, the meeting was kicked off with an official ceremony which was followed by the inauguration of the new Salvadoran embassy. In the meeting, the two presidents agreed on a total of six deals covering the economy, trade, defense, diplomacy, and education, but there was no mention of Bitcoin.
The goal of the meeting was to bring an increment in the trading volume between the two nations to a whopping $500 million. On the other hand, the trading volumes for 2020 and 2021 stand at $27 million and almost $50 million, respectively.
Both nations actively involved in crypto
Both nations are actively involved in cryptocurrencies and Bitcoin mining. While media outlets kept an eye out for the possibilities of a talk on crypto or Bitcoin, BTC was battling bears and succumbed to injuries.However, as reported by Cryptonary, recently, the ruling party in Turkey discussed crypto regulation in the metaverse. The discussion was joined by TBMM group deputy chairmen Mahir Ünal and Mustafa Elitaş along with the vice president of Ak Party, Ömer İleri.
On the other hand, El Salvador is also preparing to bring 20 bills for regulating Bitcoin bonds in the nation and aims to build the world’s first Bitcoin City. It seems that President Bukele’s decision to buy BTC gave him a huge loss.
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