While you are scared, El Salvador keeps buying the dip every day.
it seems like El Salvador is taking advantage of the current market conditions and adding to their Bitcoin holdings. As of now, they own 5,700 Bitcoin, which is quite a significant amount. It's an interesting strategy and shows their confidence in the long-term potential of cryptocurrency.
anyways for now i'm happy about the halving and will be celebrating it with the Halving carnival Bitget exchange is organizing, who knows if i can win some free bucks and buy bitcoin too
what are your thoughts on this Anon ?
For me, we should not compare a personal treasury with a state treasury, the impact or the attachment on the player varies as one is a personal resource, while the other is a commonwealth, which was just entrusted in his care. President Nayib Bukele has made more name for himself with Bitcoin adoption and subsequent engagements, but don't you think he is taking too many risks, and perhaps gambling with the national resources? After the ones bought before 2024, I expected a good futuristic person to wait and carefully study the context of "Bitcoin" itself. Many may appraise him or even idolise him for what he is doing, but I don't. All I know is that he is gambling too much with the national wealth and it is an ugly act in all senses, he should give more time to study Bitcoin.
Fine, Bitcoin is a very good project and I love the way he made it a legal tender in his country, but a cautious and conservative approach is the best in all investments in case things do not work as planned. The fact that the money used in buying it is public funds and not personal is more reason why I advise people to be cautious in following his footsteps contrary to what you want them to do.