News like this is good news, the pity is that it is such a small country. Any medium-sized European city has more GDP than this country. Although it is logical that the pro bitcoin movement starts in small countries like El Salvador or Bhutan. Hopefully larger countries will join in over time, perhaps soon the USA.
Pretty sure it's because they're a small country that they're able to do this. There's a lot less risk involved with them compared to bigger countries doing it, not to mention that I'd feel it can be a nightmare if every big country started their own Bitcoin mining farm. And it wouldn't be as surprising if big countries started to join, it'd be pretty normal in the eyes of Bitcoin ethusiasts.
~
[/quote
It might be partly because their holdings come from mining than buying? I mean it is pretty surprising. And yeah, gotta admit I also didn't know such a country even existed in the first place!
~
To add, their holdings didn't come from being purchased in the market so I highly doubt it had much of an influence. You can compare them to a large mining group imo in terms of influence really. The only difference is that they're from the government of a country.