273

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

posted
by
Avatar
AnActOfCreation@programming.dev
in
Avatar
technology@lemmy.world
100 comments
hidereport
  • 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.
Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments
Avatar
just_another_person@lemmy.world
59 points

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

permalink
report
reply
Avatar
Buffalox@lemmy.world
41 points
*

He will be alright, the country not so much.

permalink
report
parent
reply
Avatar
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

permalink
report
parent
reply
Avatar
TwinTusks@bitforged.space
15 points

Isn’t current price of Bitcoin 71000usd?

permalink
report
parent
reply
Avatar
bamboo@lemmy.blahaj.zone
11 points

Buy high, sell low

permalink
report
parent
reply
Avatar
Mubelotix@jlai.lu
4 points

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

permalink
report
parent
reply
Show more comments
Avatar
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.

permalink
report
parent
reply

Technology

!technology@lemmy.world

Create post

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

Community stats

  • 15K

    Monthly active users

  • 13K

    Posts

  • 566K

    Comments

Community moderators