The El Salvadoran president, Nayib Bukele just tweeted about the upcoming plan of buying bitcoin daily
https://twitter.com/nayibbukele/status/1593113857261965312?t=34fpxL5lJFctwpq5eUGp2g&s=09We are buying one #Bitcoin every day starting tomorrow.
I think this is DCA which is a good plan, but buying one bitcoin daily if not weekly may not be regarded as DCA but the price of bitcoin has falled significantly in a way that there may only be little drop in price which would be followed by a significant bull run. We do not know when the next bull run will start, which would take bitcoin to over $30000, but I believe we are getting closer to the period daily.
I see this as a good plan for people that wants to invest in bitcoin to invest now too because it would be profitable.
It sounds like a good idea for El Salvador to continue its BTC buying at a modest rate, which would be DCA to be buying every day, but it does have a buying on the dip sentiment to it too. It's a pretty modest amount that they should be able to handle without any problem and seems to be somewhat symbolic in nature, too.. in order to communicate that this seems to be a good time to continue to buy BTC whether the BTC price goes up, down or sideways for a while from here.