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

Stormy said:
El Salvador still buys 1 Bitcoin each day just like they promised.

1 Bitcoin a day keeps the IMF away!

Marlon said:

Stormy said:
El Salvador still buys 1 Bitcoin each day just like they promised.

1 Bitcoin a day keeps the IMF away!

That catchy phrase will probably make it into finance textbooks, lol

Stormy said:
El Salvador still buys 1 Bitcoin each day just like they promised.

This is the dollar-cost averaging method…

Stormy said:
El Salvador still buys 1 Bitcoin each day just like they promised.

But without cashing out it’s pointless… People need to take profits.

Corwin said:

Stormy said:
El Salvador still buys 1 Bitcoin each day just like they promised.

But without cashing out it’s pointless… People need to take profits.

You’re not a sovereign nation with billions to buy an asset every day. They have no reason to take profits since they can keep buying thanks to their exports.

@Dany
Sure, but what’s the point in value going up if you never use it? I guess holding long-term is all or nothing.

El Salvador really earned this win. I distinctly remember how the media mocked their decision back in the day.

Aspen said:
El Salvador really earned this win. I distinctly remember how the media mocked their decision back in the day.

And now, even the US is considering establishing a Bitcoin reserve. El Salvador could be seen as a trailblazer in the coming years.

@Ezri
The US has several bitcoin reserves, just not official ones.

This is the biggest jab at the IMF I’ve ever seen.

CoinCraftsman said:
This is the biggest jab at the IMF I’ve ever seen.

IMF can take a hike.

They’re just bullies.

CoinCraftsman said:
This is the biggest jab at the IMF I’ve ever seen.

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helen said:

CoinCraftsman said:
This is the biggest jab at the IMF I’ve ever seen.

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Bukele 1 - IMF 0

CoinCraftsman said:
This is the biggest jab at the IMF I’ve ever seen.

Really awesome to see this, what an amazing time to be alive

Honestly, I don’t like all these signs indicating peaks :bar_chart:

Marley said:
Honestly, I don’t like all these signs indicating peaks :bar_chart:

Nah, this is just the start. The actual peak will be when my dad texts me about it, like he did right before the last two crashes.

@Nyle
Can you let me know when your dad tells you?

Kemper said:
@Nyle
Can you let me know when your dad tells you?

Can you text me when he first messages you about your dad texting him?

Kemper said:
@Nyle
Can you let me know when your dad tells you?

Twist: it was actually a week after the crash.

Marley said:
Honestly, I don’t like all these signs indicating peaks :bar_chart:

This isn’t it. Once Hawk Tuah girl spends her podcast mostly talking Bitcoin, that’ll be when we’re nearing the top.