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- 🚀 Gate Square “Gate Fun Token Challenge” is Live!
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If delivery is unavailable, th
El Salvador: The president who plays hodl
Nayib Bukele has been executing a bold strategy for over a year: buy out 1 BTC daily since November 2022. The numbers speak for themselves:
The wallet of El Salvador:
The interesting thing: While the market was panicking in 2022, El Salvador was buying on the dip. That strategy of “buying what others are selling” now looks like a smart move.
The question that many are asking: Will it continue? With bitcoin at historical highs, does the president continue with his daily plan or wait for the next correction?
One thing is clear: El Salvador became the first country to strongly bet on Bitcoin as a national reserve. Whether the experiment turns out to be great or controversial, history will remember this move.