Quote from: Alphakilo on June 03, 2025, 09:37:18 PM

Quote from: Riceandbean on June 03, 2025, 04:51:42 PM

In the past week (as of june 2 2025), El Salvador has purchased a total of 7 bitcoins, and 30 in the past 30 days, indicating that it continues to implement the "daily purchase" strategy.

But they borrowed $1.4 billion from the IMF in December last year, so I feel that they used the loan money to buy bitcoins, even though they promised the IMF not to use public funds to buy bitcoins.

Then I have a question, that is, the current bitcoin price is so good, why doesn't El Salvador pledge bitcoins to lending platforms to obtain an annualized rate of return, which is about 6% to 9%, and they have 6188 bitcoins, worth 657,911,721USD, and can earn 59 million USD in interest each year.
How much help does this have for the El Salvadoran economy?

The president has done a good job. The security situation in the country has improved. I am of the opinion that the Bitcoin experiment didn't work well as expected and maybe they were bullied the IMF and other unknown people who are powerful behind the curtains.

Bukele’s not flawless, sure, but he’s taken some bold moves. I have a feeling that in the long run, history might judge him a lot more favorably than people do right now.