Quote from: kanayaTabitha on Today at 01:25:44 AM

Quote from: (o)(o)ilikeboobs(o)(o) on September 21, 2021, 02:55:02 PM

It was an assertive and reckless president. He bought it for a reason. Many companies also bought Bitcoin in the $48000 region.
It's not that they are fools to buy at such a high price, but they are more foresight than those who sold at $41k last night.
I believe the president of El Salvador did the right thing. Maybe he has successfully bottomed.

I don't think they are buying in lower price by planned because the purpose of buying bitcoin for their country are to legalize and making bitcoin transaction as their daily transaction instead of making investment in bitcoin.
The president is also have a plan to have El Salvador’s state-run geothermal utility use energy from the country’s volcanoes to mine bitcoin.
And also 48k price is not high price, it was 60k before that means the price is still cheap right now, even more cheaper if we see the current price.

El Salvador bought more bitcoin 2 days ago when bitcoin was around $42k-$44k, if I am not mistaken, that could be a discount after they bought bitcoin before. They can see a good opportunity to buy more bitcoin when the price is dropping to accumulate the bitcoin and hold it. Until now, they hold 700 BTC, which I believe they will buy more amount, especially when the price still stays at this current price. I hope the other countries can see what El Salvador did and followed them to buy bitcoin.