El Salvador's President Naib Buquel has said his country will continue to buy 1 bitcoin a day until the price of bitcoin becomes 'unaffordable' with fiat currency.
That's a very good move. While it's true that such a low investment is nothing for a country with 6.5 million population, it's still a profitable and will help country to have stable, growing reserves of Bitcoin.
I'm surprised and shocked that a country that is under development will be the first to do this.. I was expecting the U.S.A, CANADA or other developed countries to start the trend.
The USA, Canada and most of other developed countries don't like Bitcoin and cryptocurrencies and it's a drop in the ocean for such a big countries to invest money in Bitcoin. It's also illogical to expect from them to start accepting Bitcoin payments and forcing their citizens to accept it. In this case, El Salvador might be a good test country to see how things go.