this post was submitted on 18 Mar 2024
267 points (92.9% liked)

Technology

59605 readers
3221 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L4s@lemmy.world
L3s@fry.gs
L4s@fry.gs
enu@lemmy.world
267
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele – Featured Bitcoin News (news.bitcoin.com)
submitted 8 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
95 comments fedilink hide all child comments
 
  • 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.
you are viewing a single comment's thread
view the rest of the comments
[–] AnagrammadiCodeina@feddit.it 2 points 8 months ago

Depends on the budget he decided to put into this.

At the end it's investing, he has decided let's say a budget of 200k per day on this, he will but 1 full btc until the price of 1 btc is 200k. After that probably the money will go on something else.