El Salvador has just bought it’s first 200 coins

[Abiky]

As long as the prices move up, no one is going to complain. The mainstream media channels who were constantly targeting Nayib Bukele in September have suddenly gone mute now. And for the ordinary El Salvadorans, their $30 Bitcoin airdrop have by now grown to $45. Even when the government started the mining farm using volcanic energy, some of the critics targeted Bukele very harshly. They have also gone silent now. Salvadorans are lucky to be the first ones to make Bitcoin as the legal tender. In the coming years, they will reap the rewards from this move.

They were lucky to adopt Bitcoin at such an early time. There's a long road ahead for crypto/Blockchain tech to become mainstream. Once the vast majority of people worldwide use Bitcoin, prices will never be the same as they are right now. El Salvador will only become richer over time as Bitcoin reaches new All-time-highs. I have a feeling other countries will follow its footsteps, as they don't want to miss an opportunity for profit. Inflation will ultimately "kill" Fiat, leaving us with no other choice but to rely on scarce assets like Bitcoin and Gold. With El Salvador's initial investment of 200 Bitcoin, I wonder what its next move will be? Just my thoughts

[Rufsilf]

As long as the prices move up, no one is going to complain. The mainstream media channels who were constantly targeting Nayib Bukele in September have suddenly gone mute now. And for the ordinary El Salvadorans, their $30 Bitcoin airdrop have by now grown to $45. Even when the government started the mining farm using volcanic energy, some of the critics targeted Bukele very harshly. They have also gone silent now. Salvadorans are lucky to be the first ones to make Bitcoin as the legal tender. In the coming years, they will reap the rewards from this move.

Ofcourse, there will be always a media who will always put a bad image on every president especially Bukele who have made a huge move and bought 200 BTC in one clean sweep. Even though Bukele has a pure intentions to their country and its countrymen to lift them from poverty and make El Salvador a great country, there will still always a harsh comment about it, always questioning every move their government made, and it's not new in our time.

But it's too soon to say that they'll reap good fruits on this huge move they make, maybe we can know in a few years to come if there will be a positive changes.

[Snappycoco]

Everything starts from small things, maybe many people can and it is easy to buy 200 btc in 1 transaction but we deserve the appreciation of El Salvador which is a developing country and dares to take the step of investing in bitcoin, I am sure this will get full support from its citizens so that it will improve the economic well-being of the country of El Salvador.

Of course they will. There are lots of advantage of having BTC as legal tender aside from fiats. Aside from being faster than fiat transactions, it is also secured. As a country, they need lots of BTC in circulation and as latest datas shown, they hold 700BTC. According to pres. Bukele, his government saved millions of dollars because of BTC than printing fiats and thats very good specially that they don't have their own country's currency.

[Sithara007]

Everything worked out so well for them. The first purchase was made when the exchange rates were below $45K. And now the rates have increased by more than 40% in less than two months. My only concern is regarding the future of the coins, if a regime change occurs. If the opposition comes to power in El Salvador, are they going to dump these coins? Anyway, I just hope that they will not behave like Tesla. They have received $1.5 billion in unrealized and realized profit from the BTC investment made less than a year back. But then they were responsible for some of the biggest corrections.

[chrisculanag]

Because of they are knowing the potential of holding Bitcoin , that's why they accept and promoting in his country. 200 Bitcoin is very big amount and can make a big profit just holding and or trading. This news means that every countries are step in to accept cryptocurrencies in their country. For many years come , i believe that another countries go forword to accept cryptocurrencies.

[BITCOIN4X]

Everything worked out so well for them. The first purchase was made when the exchange rates were below $45K. And now the rates have increased by more than 40% in less than two months. My only concern is regarding the future of the coins, if a regime change occurs. If the opposition comes to power in El Salvador, are they going to dump these coins? Anyway, I just hope that they will not behave like Tesla. They have received $1.5 billion in unrealized and realized profit from the BTC investment made less than a year back. But then they were responsible for some of the biggest corrections.

If the adoption of bitcoin as a means of payment as well as an investment asset for the people of El Salvador brings many benefit to both the country and its people, then I think whoever the leader is in the future, this will continue. El Salvador has not evaluated the use of bitcoin in his country whether it is beneficial or detrimental, right? So we just have to wait and see what their decision on bitcoin is after the evaluation is complete.

Don't be too scared because bitcoin will never depend on a country. China, which was previously known as a big FUD for the crypto industry, is now starting to be quieter. So take advantage of this opportunity before the dump market come in the future.