Post
Topic
Board Bitcoin Discussion
Re: El-salvador bitcoin investment is underwater
by
BitcoinPanther
on 06/07/2022, 14:32:47 UTC
El Salvador just needs to DCA, they have government funds, and they can always allocate an amount for Bitcoin purchases during this bear market to lower the average cost of their Bitcoins. 

Already bitcoin is into criticism. Even in real life without criticism none could've reached a better position. We know it is part of life, and same is with bitcoin. Investment in bitcoin is always risky, very few have the courage. One such person to take strong decision is El Salvador President Nayib Bukele. He's positive about the market, and why should we speculate it can drop hard. Let us too stay positive. If El Salvador economy takes a downfall, the next to adopt bitcoin will do it with even better plans.
The nyib bukele decision is a decision that has been approved by many councils, not just a Bukele initiative. Remember that EL Salvador is a government country, they have a lot of considerations to decide everything including bitcoin investment. I think the elsalvador economy is still far from falling, because el salvador still has a lot of income.

but sometimes the leader's voice is the loudest and most influential.  Even though it might probably be a council vote, a suggestion from a higher position is the same as giving a command.  So I believe the El Salvador action towards bitcoin is greatly influenced by Bukele.