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.
  • Asudox@lemmy.worldEnglish
    12·
    5 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.deEnglish
      2·
      5 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.