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79 sats \ 2 replies \ @TwoLargePizzas 17 Mar \ on: Why Does El Salvador Hold $86M of Gold? bitcoin
Running a country is very different from being an individual or company going all in on Bitcoin.
There's probably a multitude of risks and political difficulties he has to consider. I can't even begin to imagine what they might be but I certainly don't envy his position.
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0 sats \ 1 reply \ @kr OP 17 Mar
Running a country is very different from being an individual or company going all in on Bitcoin.
why?
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0 sats \ 0 replies \ @TwoLargePizzas 17 Mar
Because a country is an immovable plot of land surrounded by other countries with different motives.
An individual and a company can pack their bags and leave. The actual country cannot. They must defend themselves from attack, sabotage, subversion and espionage.
To be clear, I'm not saying holding gold is the right thing to do. Gold can be seized and stolen far more easily than Bitcoin. I'm just saying Bukele has a lot more to think about than your average BTC holder.
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