Post
Topic
Board Bitcoin Discussion
Re: How Influential El Salvador Is?
by
Sanitough
on 30/12/2024, 16:25:06 UTC
That's true because Germany unlike El Salvador sees the potential in bitcoin and is willing to sell it.
Germany got their Bitcoins through seizures, so it makes sense to sell them since they weren’t acquired with the intention of becoming a reserve.
I’d say that’s the right move for now. But if they ever realize the need for Bitcoin as a reserve in the future, they can always buy it again.

El Salvador on the other hand has bitcoin as a huge reserve to hold so the decision to sell all at once in the amount they have should be impossible.
There is a moment that El Salvador could do that and we or anyone else could enjoy a large purchase at a much cheaper price when the market forms a dip from the effects.

This is not a big problem for holders who are so confident in Bitcoin that the decline is something that is awaited.
But in cases like this, El Salvador is not possible to sell all Bitcoin that they have because they are one of the long -term holders as strategic reserves in Bitcoin.

They may not hold a massive amount of Bitcoin, but their consistent accumulation shows how much they trust it. Even during Bitcoin’s all-time highs, they didn’t plan to sell, proving their confidence in Bitcoin through both bear and bull markets. This makes them a great example for other countries considering Bitcoin as a reserve, or even as a currency.