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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
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  • 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.
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[-] Asudox@lemmy.world 11 points 9 months ago

cool, here's the plan:

  1. see el salvador announcement
  2. buy one bitcoin
  3. wait for el salvador to buy a few bitcoins
  4. bitcoin price skyrockets to a few million
  5. sell your one 50k worth bitcoin for 500k dollars
  6. profit1!1!1!1!
[-] Fisch@discuss.tchncs.de 2 points 9 months ago

That might be exactly what he's trying to achieve by announcing it like this. Kinda sounds like a pump and dump tbh.

this post was submitted on 18 Mar 2024
273 points (93.1% liked)

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