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Agreed, and this $500M of Bitcoin will give them some really meaningful BTC exposure.
Public debt in El Salvador is only $19 billion today. A 10x jump in the price of Bitcoin over the next 5 years could help pay off ~25% of the entire country's debt burden.
That would be a game changer for highly-indebted countries everywhere.
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Wild to think that the interest rate of government debt could move (ie fall/rise), inversely proportional to the price of BTC (ie rising/falling). Because the state would actually become more financially solvent. All due to BTC.
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El Salvador is the weird guy in the office in 2013 that everybody laughed at.
He's figuring out how to do it.
He's stacking.
He's a bit loud and just a tiny bit arrogant.
But also, just infectiously optimistic and sincerely seems to just want the best for everybody.