Post
Topic
Board Bitcoin Discussion
Re: El Salvador celebrate 21st of December 21 with 21 Bitcoin
by
bekti3
on 24/12/2021, 23:12:11 UTC
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.
they are still at the forefront of this kind of adoption but on the other hand I really question their profitability as there is not even any word on how they are selling but there is already a profit there.
On the other hand, things like this are actually pretty good and I'm quite supportive of things like this because they're always at the forefront of this I think.
with this also apart from bitcoin they will be known by most circles and that's good enough for them
There’s really nothing to be questioning here, it’s already clear that they would continue to hold it, and as the price of Bitcoin continues to increase that would mean profit for them. Imagine that Bitcoin reaches $100,000 by next year as some analysts has been saying, that is going to mean about double of their investment. It will then be up to their government and whether they would want to sell the assets or maybe continue to hold it. Even if they should continue to hold it, it’s still not a bad idea because the value of Bitcoin will continue to increase in the future. So they have made a really good choice for investment.
Indirectly they have benefited but indeed when talking about speculation now I think everyone has their own speculation about bitcoin and the truth is that until now nothing is really right and only bitcoin is able to answer speculators at this time.
But for them I'm quite happy because as you said, whether it's being held or partially sold they will still be in profit, on the other hand the longer they hold on to it the better it actually is for them.