this post was submitted on 18 Mar 2024
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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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[–] TwinTusks@bitforged.space 15 points 9 months ago (2 children)

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 (1 children)
[–] Mubelotix@jlai.lu 4 points 9 months ago (1 children)

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.