- 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.
Right but you’re missing the point. It doesn’t matter if 1 BTC costs $1,000,000 when you can just buy 0.0001 BTC for $100. They would need to drive the cost of 1 BTC into the quadrillions of dollars before it would become even remotely unfeasible to purchase.
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.