Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
Patrol69
on 17/03/2024, 16:01:46 UTC
El Salvador moved more than 5,000 BTC to a cold storage wallet worth about $400 million dollars.

It's a surprise, look at the Bitcoin he kept it was only half of the predictions that were widely written in the media. Nayib Bukele's description is not all, this means that there is still a lot he keeps. Maybe some Bitcoin don't store in this cold wallet they will sell for state development operations. Although this evidence may not be 100% certain, but I think he is not lying.
Nayib Bukele was always right in his decisions and he was always focused on his decisions. When he made an official announcement about Bitcoin, his decision was not taken well by his country's citizens and his country's media. When caught, he went against the citizens of his country and he legalized Bitcoin's legal documents in their country. Imagine this time from that time, when the value of Bitcoin was relatively low, he declared Bitcoin as legal tender in his country and hopefully he bought enough Bitcoin at that time. When the president of a country announces Bitcoin as a legal document, it is natural that he will invest a lot of Bitcoin at that time. If at that time he had invested a large amount of bitcoins, now he is seeing around three to four times the profit from his investment this time. He must now be satisfied with the citizenship of his country for the work he has already done and the decision he has made in his favor.