The government, she assured, will continue buying bitcoin and having reserves in this cryptocurrency. According to the National Bitcoin Office, El Salvador has 6,050 bitcoins worth $634.8 million. “President Bukele continues buying bitcoin, we have a Bitcoin Office, we have the Bitcoin Law, bitcoin can be used in El Salvador.

They're going to have the US by the balls like Saudi Arabia when bitcoin crosses $1mm/coin

[–] bennieandthez@lemmygrad.ml 2 points 1 day ago (1 children)

how do you even liquidate that?

[–] jagged_circle@feddit.nl 1 points 1 day ago (1 children)

You mean if its worth hundreds of millions or trillions?

[–] bennieandthez@lemmygrad.ml 2 points 23 hours ago* (last edited 23 hours ago) (1 children)

Yes, even a relatively small quantity like 100k?

[–] jagged_circle@feddit.nl 1 points 19 hours ago (1 children)

That's easy. Ive sold that much. Just do it on an exchange. Get over a million and you do it OTC.

[–] bennieandthez@lemmygrad.ml 1 points 13 hours ago (1 children)

What is OTC?

[–] jagged_circle@feddit.nl 1 points 9 hours ago

Over the counter. Big exchanges offer this. Basically p2p with escrow.

Its done off exchange (though usually the same price). To prevent the trade from changing the market.