273

El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele – Featured Bitcoin News (news.bitcoin.com)

submitted 9 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

100 comments fedilink hide all child comments

El Salvador will continue buying 1 Bitcoin daily until it becomes unaffordable with fiat currencies
President Bukele's statement highlights commitment to cryptocurrency adoption
Move demonstrates belief in Bitcoin's long-term value and potential as a global currency alternative.

you are viewing a single comment's thread
view the rest of the comments

[-] TwinTusks@bitforged.space 15 points 9 months ago

Isn't current price of Bitcoin 71000usd?

[-] just_another_person@lemmy.world 31 points 9 months ago

Yes. It's absolutely insane, and this guy's history with it is doubly insane. Read up a bit and prepare to feel super duper sad for the people in that country.

[-] bamboo@lemmy.blahaj.zone 11 points 9 months ago

Buy high, sell low

[-] Mubelotix@jlai.lu 4 points 9 months ago

He started buying at 50k, continued at 20k and it's now 70k fyi

[-] bamboo@lemmy.blahaj.zone -1 points 9 months ago

Oh, so buy, buy lower, buy higher? That's the strategy? I guess someone's gotta be on the bottom of the pyramid.

this post was submitted on 18 Mar 2024

273 points (93.1% liked)

Technology

59982 readers

2425 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS