Post
Topic
Board Bitcoin Discussion
Re: How Influential El Salvador Is?
by
Dave1
on 25/12/2024, 04:05:00 UTC
Which got me to think about the possible consequences if El Salvador were to ever announce that it is selling its bitcoins and plans to never buy any more?

There are too many posts all over the internet, with people worrying about what could happen if Satoshi sold their coins, or if El Salvador sold their coins, or if Michael Saylor sold his coins.

It's not something to worry about. Bitcoin's scarcity can guarrantee that it doesn't really matter. There will always be 21M bitcoins. And, even better if they sell, we will buy cheaper!

And to add to that, they might not go and sell it like the rest of us, by going into exchange and put a huge sell order. There could be someone in between or they will do it OTC style so that it won't be in the radar from average investors.

So even if they sell, or not even buy anymore (if there will be a new President that will replace Bukele in the future), Bitcoin will continue to thrive as it is too big too fall. So I would not worry about it, but worry about where to get the money to buy BTC  Cheesy when this happens.