Post
Topic
Board Bitcoin Discussion
Re: The president of El Salvador just bout 420 BTC!
by
Fortify
on 29/10/2021, 17:28:41 UTC
Nayib Bukele the president of El Salvador (the first country to recognize BTC as legal tender) just announced this on Twitter.

It's easy to try and act gimmicky when you're spending other peoples money. I can only wonder what sort of projects and social benefits (new roads?) might have been possible in this country with this sum of money, instead of paying off speculators for little real benefit to the tax payers. It also seems incredible wasteful to buy in such large sums, although he might just be grandstanding, when he could buy much smaller amounts periodically instead of waiting for these elusive "dips" where you never can tell the bottom. I guess he is still chasing newspaper headlines and populism which in order to get re-elected next time, without actually fixing much else in the country.