~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
I remember reading something about El Salvador's BTC reserve and that they were trying to find out if Bukele was really buying 1 BTC per day or if he had already bought it all at once, but I don't remember the conclusion
Yesterday I saw this post by Bukele and didn't fully understand the context, but now I get it, hehehe
I'm going to calculate how much BTC needs to be worth (exactly) for the reserve to be worth 1 billion
It's a nice bet, huh? If there's a year-end rally, it might actually reach 1 billion