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.
  • TwinTusksEnglish
    161·
    6 months ago

    Isn’t current price of Bitcoin 71000usd?

    • just_another_person@lemmy.worldEnglish
      376·
      6 months ago

      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.

      • Mubelotix@jlai.luEnglish
        51·
        6 months ago

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

        • bamboo@lemmy.blahaj.zoneEnglish
          12·
          6 months ago

          Oh, so buy, buy lower, buy higher? That’s the strategy? I guess someone’s gotta be on the bottom of the pyramid.