BTC price movement after El Salvador introduces Bitcoin education program for students

on Dec 27, 2022
  • El Salvador begins educating students on Bitcoin and is increasing crypto adoption.
  • Mark Cuban doubled down on Bitcoin and has a bullish outlook.
  • Bitcoin can climb to $17,000 by the end of December 2022.

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Bitcoin (BTC/USD) accumulation is nearing a new milestone as the supply redistribution is carrying on.

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The BTC balance of accumulation addresses is reaching all-time highs. Billionaire tech entrepreneur Mark Cuban is bullish on Bitcoin, and El Salvador begins educating students on Bitcoin.

Bitcoin is a Proof-of-Work (PoW) cryptocurrency and is the largest in terms of market capitalization and adoption.

Crypto education and future adoption as catalysts for growth

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In the latest Bitcoin news, El Salvador has begun taking further steps to push Bitcoin for mass adoption through the education of students.

The Bitcoin education project in El Salvador aims to teach 250,000 students throughout 2023. 

An online video that depicts El Salvadorian instructors teaching their students about Bitcoin went viral.

El Salvador also holds 2,458 Bitcoin based on a website that tracks the country’s portfolio. 

Source: El Salvador’s BTC Portfolio by nayibtracker

Additionally, based on data from Glassnode, Bitcoin accumulation addresses are higher in numbers than ever before, while the BTC balance they contain is at a record high.

The accumulation addresses contain 3,099,828 BTC as of December 25, while the Bitcoin accumulation addresses reached nearly 800,000.

Mark Cuban is also bullish on BTC, saying that he wants the price to continue decreasing. 

“I want Bitcoin to go down a lot further so I can buy some more,” Cuban said on the comedian Bill Maher’s “Club Random” podcast.

Should you buy Bitcoin (BTC)?

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On December 27, 2022, Bitcoin (BTC) had a value of $16,871.

BTC/USD Chart by Tradingview

The all-time high of the Bitcoin (BTC) cryptocurrency was on November 10, 2021, when it reached $69,044.77. Here we can see that at its ATH, BTC was $52,173.77 higher in value, or 309% higher.

When we go over the weekly performance of Bitcoin (BTC), we can see that its 7-day low point was at $16,661.77, while the 7-day high point of value was at $16.895.73 Here we can see a price difference of $233.96 or 1%.

In terms of the 24-hour performance of Bitcoin (BTC), the coin shifted in value from a low point of $16,856.23 to a high point of $16,959.85. Here we can see a difference of just $103.62 or 1%.

With this in mind, after the increased adoption and support of Bitcoin, it can climb to $17,000 by the end of December 2022, so investors will want to take up the opportunity and buy BTC.


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