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72 sats \ 1 reply \ @nerd2ninja 6h \ parent \ on: IWF bought El Salvador into submission: Bitcoin's no legal tender anymore. bitcoin
No, when you're in debt for a money that you can print yourself, its meaningless. The debt is just a feel good way to print money without much objection (vs printing it without a debt) When you're in debt and must pay in a foreign countries currency its not the same situation at all.
I am surprised because El Salvador held its Bitcoin through a bear market and now that Bitcoin's price is a little high they completely sold out? Its crazy. I don't think they're desperate for the money, I think they just saw a lot of money and lost their minds.
What I'm seeing so far doesn't require El Salvador to sell its Bitcoin though or prevent it from buying more, so many they're trying to pull a Michael Saylor and go into debt to buy more Bitcoin or something (lel if that's the case)
Good points here. I wonder what the overall plan is?
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