Quote from: Just Say on Today at 04:38:00 AM

Quote from: HelliumZ on July 01, 2025, 11:43:31 PM

El Salvador has been purchasing one bitcoin per day from its strategic reserve of bitcoins, Currently, El Salvador has 6,224 Bitcoins in its Bitcoin strategic reserve. El Salvador is the only Bitcoin-approved country in the world, and is constantly organizing various research programs and educational activities on Bitcoin. The CUBO education program, the Robot Law, and Bitcoin are the most important steps taken. But at some point, the whole world will consider El Salvador an Idol City.

My full understanding is that this reflects the type of savings continuity practice under their political figure leadership.
I know many observers have commented that because personal purchases in this country are so small, they never have an impact on Bitcoin liquidity but the consistency with which they are practicing is certainly enough to support a major symbolic effect. You have made ample statements that they are organizing various research programs and educational activities on Bitcoin, in addition the Robot Law and Bitcoin are among the most notable programs that have created a stir.

By the way this country may not trust various programs because they have already prepared a secure cold wallet system to protect their assets from possible cyber attacks maybe in this case they won't compromise on anything.

It does have an impact on liquidity. The impact is going to show in a stronger way as time passes. The important thing here is that a country is buying consistently and plans on holding it long term or maybe forever. If their economy improves a lot, they could increase their purchasing. On the other hand, other countries could join this eventually too.