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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.
This is exactly what i was thinking after reading the headline, is he invested from his own pocket or he is playing with the taxpayers money and he is particular about getting all the headlines and he is getting them. I wonder what is the ground reality and how the people in El Salvador are responding to his investment in Bitcoin. There were many resistance when he introduced Bitcoin and he might not be that popular among the normal citizens.
I guess only Bukele knows where did he get the funds to buy bitcoin, or maybe he used to bought bitcoin with his own pocket when it was still very cheap and now he's reaping the fruit of his investment. Because we all know even before bitcoin's adoption in El Salvador, Bukele is already a bitcoin enthusiast and this is the reason why he pushed through a bill to accept bitcoin as a legal tender because he knows a lot about crypto and its potentials than any other Salvadorian citizen.