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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)

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.

(page 2) 50 comments

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[–] dutchkimble@lemy.lol 5 points 8 months ago (1 children)

Say he achieves his goal (which doesnt make any sense but lets ignore that), what then? The day they need to encash it and they start selling the price will crash

[–] fruitycoder@sh.itjust.works 2 points 8 months ago

I don't think the plan is to sell it but to be able make accept payments of good and services in it.

[–] Mango@lemmy.world 4 points 8 months ago

🤣🤣🤣🤣

[–] protozoan_ninja@sh.itjust.works 4 points 8 months ago

Who's going to be buying and using Bitcoin if it's not affordable?

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