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El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele – Featured Bitcoin News(news.bitcoin.com)

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  • 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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just_another_person@lemmy.world
59 points

Quadrupling down at this point, right? I feel like this will not end well for him.

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Buffalox@lemmy.world
41 points
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He will be alright, the country not so much.

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just_another_person@lemmy.world
13 points

I have a hunch he is personally in charge of a large number of coins to guarantee his safety…or escape lol

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TwinTusks@bitforged.space
15 points

Isn’t current price of Bitcoin 71000usd?

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just_another_person@lemmy.world
31 points

Yes. 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.

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bamboo@lemmy.blahaj.zone
11 points

Buy high, sell low

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Mubelotix@jlai.lu
4 points

He started buying at 50k, continued at 20k and it’s now 70k fyi

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