Re: El Salvador celebrate 21st of December 21 with 21 Bitcoin
As long as they can spend their earnings on important things the people care about (not $4,000,000 animal hospitals) I think they will do just fine.
I've always wondered how that hospital is going to be built from the profits of investing in BTC while no bitcoin will be actually sold.
And what profits when at least 200 coins were bought at $52k and 100 at $54k?
I'm starting to think that rather than buying the dip he is actually licking the tip lately.
Bukele always confirms his purchases on twitter, that's how he wants the world to know that he made purchases in Bitcoin. too flashy isn't really that great either. However openness should be more covered. Moreover, Bitcoin is the target of hackers. What I'm worried about is that El Salvador publicizes its Bitcoin holdings, the more it invites thieves to hack it. Isn't it possible. El Salvador adopted Bitcoin, well I know and we all know every corner of the news. But again, no selling will only hinder the pace of Bitcoin Price movement.
It doesn't matter at what price he buys, it's just that the impression is now like a place of ownership, no longer a place to show the effectiveness of Bitcoin payments.