this post was submitted on 18 Mar 2024
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275
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele – Featured Bitcoin News (news.bitcoin.com)
submitted 8 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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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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[–] smileyhead@discuss.tchncs.de 41 points 8 months ago (3 children)

Then why do they tell everyone about it?

Seems like a way to pump the price up just by press and not actually wanting to anything.

[–] ShaggySnacks@lemmy.myserv.one 18 points 8 months ago (1 children)

All the hallmarks of a pump and dump scheme.

[–] FarceOfWill@infosec.pub 1 points 8 months ago

The only take that makes sense

[–] Mubelotix@jlai.lu 7 points 8 months ago

Politics got to be transparent you know

[–] deafboy@lemmy.world 2 points 8 months ago (1 children)

Move the price? Talk is cheap... and so is 1 BTC per year.

This is just Bukele craving some attention. I hate the term attention whore, but can't find a better description.

[–] reverendsteveii@lemm.ee 18 points 8 months ago (1 children)

Talk is cheap… and so is 1 BTC per year

luckily it said they're going to buy 1 per day. There are several days in an average year.

[–] deafboy@lemmy.world 15 points 8 months ago (2 children)

The more I'm eager to take a piss out of someone, more I emberass myself.

[–] absentbird@lemm.ee 3 points 8 months ago* (last edited 8 months ago) (1 children)

It's spelled embarrass, you wrote 'emberass'; would that be like someone who sits on hot coals?

[–] dutchkimble@lemy.lol 1 points 8 months ago

Uhh no, it's an em type of berass

[–] drislands@lemmy.world 1 points 8 months ago

Relatable. In our rush to say the clever thing we're thinking, we don't stop to double check that we read it correctly in the first place. I've been guilty of that too many times....