🇸🇻 El Salvador has been buying one Bitcoin every day for over 1000 consecutive days, purchasing more than 6000 coins since 2021.
El Salvador's Bitcoin policy is crazy, even introducing the "Bitcoin Law," which makes Bitcoin legal tender, and launching ATMs. However, after the cryptocurrency market turned bearish at the end of 2021, public resistance grew, with people even burning those ATMs. The government had no choice but to weaken the legal tender status of Bitcoin.
Fortunately, time has given Bitcoin and the Salvadoran presidential government a chance to prove themselves, as their Bitcoin holdings have gone from a loss to doubling in profit. Only they know the heartache and pressure during this period.
It's uncertain how long El Salvador will continue to buy, but I believe that embracing and dollar-cost averaging Bitcoin is worth learning from. In the long run, an annualized return of 15% should be achievable, right?
