Quote from: Lucius on Today at 02:08:44 PM

Quote from: arwin100 on Today at 01:14:15 PM

~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.

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 Roll Eyes

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