Quote from: blatchcorn on December 22, 2021, 06:48:01 PM

The 'world's coolest dictator' aka Nayib Bukele is behaving like a clown by purchasing BTC at its peak price. There will be very little profit on purchase of BTC at 52k or 54k. The only way Nayib Bukele BTC will made any difference is if BTC hits 100k$. But what if BTC falls from 50k value to some lower value and bears take over the market? Since its not Nayib personal investment so he wont care much.

Has Nayib Bukele been "behaving like a clown by purchasing Bitcoin at its peak price?" The president didn't purchase Bitcoin at its peak price.

It seems a lot are cheering for Nayib and his country when they adopted Bitcoin as a legal tender, purchased during the dip, made profit from it, responded with resistance to the IMF and the US in an unfriendly tone, made use of volcanic energy to mine Bitcoin, and so on. But since the price has fallen down, criticisms are now hurled at him.

I haven't been a fan of El Salvador risking the people's money on something that is volatile. But the failure of El Salvador in its Bitcoin ventures is probably going to be interpreted by critics as the failure of Bitcoin. I hope El Salvador succeeds.