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.
El Salvador is a country with extensive experience in Bitcoin holdings, as it has been attacked in various ways from different directions. The anti-Bitcoin conspiracy of various countries and the IMF's debt pressure and various restrictions on Bitcoin have been imposed on El Salvador. But Nayib Bukele did not care about any kind of conspiracy, only giving Bitcoin the most priority, as a result of which El Salvador is currently at the peak of its most successful country.
Their daily Bitcoin DCA purchase has made them more aggressive, because the more Bitcoin they buy, the more economically self-sufficient they will be. Various countries are moving forward to adopt Bitcoin, targeting El Salvador, this is the most tangible proof of the success of Bitcoin at the present time.
They tried to make Bitcoin as their legal tender and for sure they learn lot of experience either bad or good. That's why they try to do some nice action then educate their people so that next time when they do great decision to make Bitcoin as legal tender on their country their citizens is prepared to handle many situations happening on Bitcoin.
El Salvador also doing good with their investment since as of now they are so bullish and earning good profits on their investment made on Bitcoin. For sure that there would be more profit to get especially if they are consistent doing DCA and don't let anyone disturb them on their investment decision also adoption done on Bitcoin.