El Salvador's Bitcoin stash hits 531 million with 263 million in unrealized profit and the president says I told you so

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He has the right to say that, I remember the flood of articles that mocked him for deciding to hold bitcoin.

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Maxwell said:
He has the right to say that, I remember the flood of articles that mocked him for deciding to hold bitcoin.

And let’s not forget, El Salvador is still buying 1 BTC each day even now.

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@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

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Marlon said:
@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

Millions? :thinking: that seems impossible otherwise there would be a supply shock

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@Del
Probably means millions in dollar value of BTC.

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Parly said:
@Del
Probably means millions in dollar value of BTC.

That could be a plan to gather more while others focus on short-term profits.

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Zia said:

Parly said:
@Del
Probably means millions in dollar value of BTC.

That could be a plan to gather more while others focus on short-term profits.

Thinking long-term in crypto usually pays off. Good call by El Salvador.

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@Lorin
This comment is empty, admin should fix

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Zia said:

Parly said:
@Del
Probably means millions in dollar value of BTC.

That could be a plan to gather more while others focus on short-term profits.

What does that even mean

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Parly said:
@Del
Probably means millions in dollar value of BTC.

That makes sense, but holding that much is still a lot for a country.

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Marlon said:
@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

What counts is being consistent, one day our Happy Meals worth of BTC will pay off big time

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@Levi
This comment is empty, admin should fix

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Marlon said:
@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

millions of BTC every day

There can only be 21 million BTC in total, so that can’t happen for long unless they sell before buying more.

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Marlon said:
@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

Lol if there were 21 million BTC, no one would own a single bitcoin by the end of the month…

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Marlon said:
@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

Spending money on a Happy Meal worth of BTC is way better than getting just a Happy Meal.

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Marlon said:
@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

The government is about to propose a law that would have them buy 200k Bitcoin yearly for the next five years.

Get ready for that.

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Marlon said:
@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

Is that making you gain weight then?

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Marlon said:
@Stormy
SaylorMoon buys millions of BTC every day, El Salvador buys 1 BTC a day, meanwhile I get 1 Happy Meal of BTC daily

This comment is empty, admin should fix

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Maxwell said:
He has the right to say that, I remember the flood of articles that mocked him for deciding to hold bitcoin.

Yeah, that was a risk worth taking. Some countries are stuck in poverty, and following the usual path never really helps them. It’s just a never-ending cycle that keeps them down.