Turkish and Salvadoran presidents meet, Bitcoiners left disappointed

Bitcoin (BTC) took much than conscionable a beating successful the markets. The orangish coin got the acold enarthrosis arsenic Turkish President Recep Tayyip Erdoğan welcomed his Salvadoran adjacent Nayib Bukele successful the superior of Turkey to speech astir a fig of topics. While Bitcoin failed to beryllium a talking point, it did not halt the Twitter rumor mill from going into overdrive. 

As portion of the authorities visit, Bukele and Erdoğan kicked disconnected with an official ceremony. Shortly afterward, they inaugurated the caller Salvadoran embassy earlier agreeing connected six deals covering the economy, trade, defense, diplomacy and education.

The commercialized deals question to summation commercialized measurement betwixt the 2 countries Turkey to $500 million successful 5 years. Trade volumes for 2020 and 2021 were $27 cardinal and astir $50 cardinal respectively.

Mainstream media outlets watched intimately to spot if Bukele would effort to orange-pill Erdoğan. However, determination was nary notation of Bitcoin oregon cryptocurrency during Thursday proceedings.

That did not halt Twitter from speculating and deceiving audiences astir the quality of the encounter. A coordinated quality burst made by fake Twitter accounts imitating fashionable accounts @Deltaone, @Zerohedge, and a Bukele parody relationship @LaDictatore simultaneously announced that Turkey would denote Bitcoin arsenic ineligible tender by February 2022.

The announcement was false. LaDictatore’s relationship has since been suspended but the screenshot of their announcement lives on:

In the hours pursuing the fake news, the Bitcoin bulls regrouped to pump the terms to wrong touching region of $43,000 earlier falling disconnected a cliff to $38,000 this morning. 

Related: El Salvador explores low-interest loans backed by Bitcoin

As the Turkish Lira continues to struggle, analysts expected Bukele to marque the lawsuit for Bitcoin. Given that the Turkish ruling enactment precocious held a gathering successful the metaverse, the tide whitethorn beryllium turning. And if immoderate treatment did hap Thursday, it happened down closed doors.