Questions tagged [will el salvador]

Bianca Sat Jun 15 2024 | 7 answers 1255

Could you elaborate on the idea of "Will El Salvador buy a bitcoin a day?" I'm interested in understanding the rationale behind such a strategy. Is it a long-term investment plan? Or is it more of a daily hedging mechanism? Also, how would El Salvador afford to purchase a bitcoin daily, considering its fluctuating price? Is there a specific budget allocated for this purpose? And finally, how does this fit into El Salvador's overall financial and economic goals? I'd appreciate it if you could clarify these points.