Post
Topic
Board Bitcoin Discussion
Re: El Salvador bought more BTCs
by
ene1980
on 20/09/2021, 19:27:24 UTC
~
1) He is a fool and apparently is comfortable with making such a risky move (a long bearish period can still be a possibility).

2) He probably knows (please don't take me as a conspiracy theorist, I'm just trying to imagine) that someone is gonna start another bull run soon, 'cause El Salvador attracted the attention of many big crypto investors, so a confrontation between Bukele and them about this topic is not so unlikely.
I doubt El Salvador will be having any bargaining voice in a global market, it feels good that they accepted Bitcoin as legal tender but if you look at the day when they legalized Bitcoin the market went through a major correction which shows that there are investors out there who wants to look at them as foolish, if not there is no way there will be a correction on that day.