There is absolutely new ideology ringing in my mind, I don't know if another person is thinking same thing.
Firstly, we acknowledge that El Salvador made bitcoin their legal tender, which means bitcoin is their money for saving and also for daily transactions. So, if the country is saving I'm bitcoin which is there legal tender, we should stop seeing it as a mistake or a big deal.
The country or the president per say believes in bitcoin and has made bitcoin their money, so it shouldn't amaze us that they are buying more bitcoin.
El Salvador made bitcoin the legal tender, but there is no big acceptance and usage as the president expected. Periodically surveys have been taken place. According to those survey, El Salvador people are very less into cryptocurrency usage, majority have spend the amount provided through the Chivo Wallet and stopped using bitcoin. Maybe this too can be the reason why El Salvador President is interested in buying more bitcoin as the citizens weren't holding their funds in terms of bitcoin.
Ýes, I read that many of them spent the $30 and never used the Chivo wallet or bitcoin again. It is expected though because not everyone of them would be interested in bitcoin.
Bur then, for El Salvador to succeed in bitcoin, they should learn to use it as transaction and maybe use the LN as well.
If Bukele actually bought more bitcoin because his people were not holding, it means he will keep buying. Was there an express information or order that everyone should hold their $30 in chivo wallet?