~snip~
So with those things we can assume already that they are for long term with Bitcoin. So those $1 Billion worth of Bitcoin is really possible knowing that they are aggressive on their accumulation.
So with those things we can assume already that they are for long term with Bitcoin. So those $1 Billion worth of Bitcoin is really possible knowing that they are aggressive on their accumulation.
If they still invest 1 BTC per day, that means they will buy around 120 BTC by the end of the year - and if BTC stays at the current price levels, then there is no chance of approaching the value of $1 billion. The only chance for their 6000+ BTC to reach that value is for the price to increase, or for them to request a loan from the IMF to buy extra BTC
Honestly seems like a slam dunk bet IMO. Already over 2/3rds of the way there and a little over 4 months left to get there. If they don't get there it'll be close as the country seems to be relying on bitcoin to save them. They're not gonna give up, they're motivated.
I don't see in which realistic scenario investing in BTC would save that country - since Bukele came to power, the debt has increased by as much as $11 billion, and if I'm not mistaken, it is now over $32 billion. $700 million or $1 billion is completely irrelevant in their case, and it wouldn't help them even if BTC became x10 more valuable overnight.