re: Will the Bitcoin selling start accelerating?

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El Salvador is still buying a BTC a day than the experiment is just starting, not a failure. It will be measured in the long term and you are measuring in the short

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Lol what?

El Salvador said they would make BTC legal tender and issued it to everyone in the country. Then required it to be accepted by law. They rolled out millions of dollars worth of ATMs and even developed their own apps for transactions. Handing out free Bitcoin to their citizens.

After much fanfare they unveiled they would be a crypto centralized nation and pledged to build "Bitcoin City" attracting people from all over the world. They even tried to issue volcano bonds to fund their Bitcoin buying.

Flash forward a few years. Outside of the free money given out. No one used Bitcoin for any transactions, the ATMs were removed because they couldn't afford to pay for them

The volcano bonds failed, Bitcoin City never was built, and they removed Bitcoin as legal tender.

Their citizens are still beyond poor, and they have one of the worst credit ratings in the world.

Calling it just a failure is generous, it was an absolute disaster

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Now if they continue to buy daily and crypto doubles or triples, or more, still a failure

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Considering El Salvador spent almost 500 million dollars setting up the BTC structure including ATMs, apps, and more which far out weighed any profits they had in BTC before the latest market down turn.

I am sure that his country that just took out another massive loan from IMF, and its people that are suffering from extreme poverty. That diamond handing a few more years for a crypto security that generates nothing will be real helpful.

I guess one day he will sell right?