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 ?
It is very bold decision of El-Salvador government to continue accumulating Bitcoin specially during the market dips. Their stretegy reflects their strong belief in cryptocurrencies enduring value. The El-Salvador's decisiom to adopt Bitcoin back in 2021 initially looked skeptical by several analysts, however overtime their decision proved them wrong.
Having events organized by several exchanges is a welcome move and we should actively participate in them to take advantage of such earning opportunity.
The strategy has yet to make an impact as the countries economy is still not doing good. I feel it will take a few more years untill we see any positive impact. Another country that had hiddenly mined Bitcoin for sometime was Bhutan. They never declared Bitcoin as a legal tender but they plan to use those Bitcoin to boost thier economic activities by selling them when the price is right.