MultiversX Tracker is Live!

A lot of people here is misunderstanding and criticizing the Bitcoin "late buying" by President Bukele. Here's why he is doing it the right way:

Bitcoin Reddit

More / Bitcoin Reddit 206 Views

He promised $30 USD to every citizen, so they just need a fixed amount (known since the beginning) of dollars to do that regardless of the current (or past) price of BTC.

So it doesn't matter if the price of Bitcoin is "high" or "low", he had already separated the amount required to give $30 USD to everyone.

He is doing it the right way: Transparently and in the open, announcing publicly their purchases.

To those saying: "He should've bought when the price was lower!".

They are wrong: The Government's duty is not to 'invest' in Bitcoin, it's NOT appropriate for them to speculate with Bitcoin, and certainly not for the short term. They can buy and Hodl for the long term on their treasury as a hedge against inflation and that would be responsible and appropriate.

So don't get your panties in a twist and support this financial revolution in every way you can!

Edit: Also, giving each citizen $30 of bitcoin needed approval from the Assembly before El Salvador could buy the bitcoin. The National Assembly of El Salvador just approved giving each citizen $30 worth of bitcoin less than a week ago.

submitted by /u/s3k2p7s9m8b5
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments