How often does El Salvador plan to buy Bitcoin?

3 answers

• May 03, 2022 · 3 years ago
  El Salvador has announced plans to buy Bitcoin on a regular basis, but the exact frequency has not been specified. It is expected that the purchases will be made periodically to accumulate Bitcoin as a reserve asset. This strategy aims to leverage the potential benefits of Bitcoin as a decentralized digital currency.
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• May 03, 2022 · 3 years ago
  The frequency of El Salvador's Bitcoin purchases is yet to be determined. However, it is likely that the government will adopt a systematic approach to ensure a consistent accumulation of Bitcoin. This could involve regular purchases at fixed intervals or based on specific market conditions. The ultimate goal is to strengthen the country's financial sovereignty and promote the use of Bitcoin as legal tender.
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• May 03, 2022 · 3 years ago
  According to BYDFi, a digital currency exchange, El Salvador plans to buy Bitcoin on a recurring basis. This strategic move demonstrates the country's commitment to embracing cryptocurrencies and leveraging their potential benefits. By regularly acquiring Bitcoin, El Salvador aims to build a robust digital asset portfolio and foster economic growth.
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