El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele – Featured Bitcoin News
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele – Featured Bitcoin News
El Salvador has been buying one bitcoin a day since 2022, and will continue until bitcoin "becomes unaffordable with fiat currencies."
- El Salvador will continue buying 1 Bitcoin daily until it becomes unaffordable with fiat currencies
- President Bukele's statement highlights commitment to cryptocurrency adoption
- Move demonstrates belief in Bitcoin's long-term value and potential as a global currency alternative.
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Quadrupling down at this point, right? I feel like this will not end well for him.
62 3 ReplyHe will be alright, the country not so much.
44 3 ReplyI have a hunch he is personally in charge of a large number of coins to guarantee his safety...or escape lol
14 1 Reply
Isn't current price of Bitcoin 71000usd?
16 1 ReplyYes. It's absolutely insane, and this guy's history with it is doubly insane. Read up a bit and prepare to feel super duper sad for the people in that country.
37 6 ReplyBuy high, sell low
13 2 ReplyHe started buying at 50k, continued at 20k and it's now 70k fyi
5 1 ReplyOh, so buy, buy lower, buy higher? That's the strategy? I guess someone's gotta be on the bottom of the pyramid.
1 2 Reply