El Salvador has been buying one bitcoin a day since 2022, and will continue until bitcoin "becomes unaffordable with fiat currencies."
  • 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.
  • notfromhere@lemmy.mlEnglish
    253·
    6 months ago

    If this is legit and not corruption and bitcoin eventually takes off to ungodly levels, imagine the biggest bet in history paying off and their country turns around as an economic powerhouse. Risky and stupid but would make a good movie.

    • Buttons@programming.devEnglish
      1·
      6 months ago

      The only thing keeping them a powerhouse would be a number on a computer that can be stolen. Question is, would people try to steal from a nation rich enough to be a powerhouse and how sophisticated would those theft attempts be?