JUST IN: El Salvador now owns 5,770 #Bitcoin worth over $402 million 🇸🇻
here
Slowly, but steadily, they are moving to win. Imagine their economic in 2-3 years when BTC will be above $100k.
are they selling there Bitcoin anytime soon? I think the El Salvador’s Treasury Minister Alejandro Zelaya has made it plain that although they are in at least 40% profit at the moment, the plan of selling thier Bitcoin isn't even an option yet.
https://twitter.com/nayibbukele/status/1762867369217532125?t=cdjnCZNHqwZM7cnq6l6CEA&s=19Note that El Salvador has other sources that serves to boast her economy and have major industries like the Food Processing industry; Beverages; Petroleum and chemicals Chemicals and also actively export Apparel: Knit, Plastics, and Paper which has been the index that plays the greater role in her economic stride and not Bitcoin. I think for el Salvador, it's more about having a reserve that's in Bitcoin that's going to benefit them in the long run than just looking at a 2 to 3 years effect on her economy.