Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
El Salvador continues its daily Bitcoin buys, now holding 6,258 BTC
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El Salvador purchased 200 BTC in 2021, but since 2022, they have been buying and holding Bitcoin continuously. El Salvador is in 6th position among government BTC holders. I hope that if Salvador collects Bitcoin for another four to five years, it will achieve 4th position among government BTC holders, but it is true that this path will not be so easy. I hope that in the future every country will become a strong Bitcoin holder like El Salvador.
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El Salvador purchased 200 BTC in 2021, but since 2022, they have been buying and holding Bitcoin continuously. El Salvador is in 6th position among government BTC holders. I hope that if Salvador collects Bitcoin for another four to five years, it will achieve 4th position among government BTC holders, but it is true that this path will not be so easy. I hope that in the future every country will become a strong Bitcoin holder like El Salvador.
Well it's very simple, the president is the one engineering the buying and that's because he knows the full value and worth of Bitcoin, El Salvador is one of the nations that made history by actually making Bitcoin an official legal tender and this bold step have given more exposure and confident to others in the Bitcoin world. As for El Salvador reaching the top four position, that's just a matter of time and in no time if they are consistent as now they will reach the top four.
Actually its not simple as that since we see they face lots of challenges with their decision to invest on Bitcoin.
Their biggest challenge is when IMF interfere and want their country to be out on Bitcoin investment. But they didn't follow the order and now they are facing lots of controversy and spicy negative campaigns done by IMF to them.
But for sure they know that IMF is not helping but rather controlling their gains from Bitcoin is more bigger than what those controlling institution want them to do.