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submitted 8 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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[–] just_another_person@lemmy.world 59 points 8 months ago (7 children)

Quadrupling down at this point, right? I feel like this will not end well for him.

[–] TwinTusks@bitforged.space 15 points 8 months ago (4 children)

Isn't current price of Bitcoin 71000usd?

[–] bamboo@lemmy.blahaj.zone 11 points 8 months ago (2 children)

Buy high, sell low

[–] Mubelotix@jlai.lu 4 points 8 months ago (1 children)

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

[–] bamboo@lemmy.blahaj.zone -1 points 8 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.

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