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9 Comments
tldr; El Salvador has been purchasing one Bitcoin daily since March 16, increasing its total holdings to 5,852 Bitcoin, valued at $361 million. This investment aligns with the country’s controversial cryptocurrency policies, including making Bitcoin legal tender in 2021. President Nayib Bukele, who was recently re-elected, has initiated several crypto-related projects, such as geothermal-powered Bitcoin mining and ‘volcano bonds.’ Despite domestic support, El Salvador’s Bitcoin strategy has faced criticism from international bodies like the IMF, calling for greater transparency and risk mitigation efforts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>Volcano bonds
Satoshi would be proud
This bet will play well in the long term
not long ago some big names were laughing at them. guess who’s laughing now
Nice investment strategy. They will reap the rewards in the future
With counties buying for their reserves and ETF’s making it easier for normal people to invest the next bull run could be wild
ONE OF US!
Good for them.
El Salvador be Day Cost Averaging