Money, investing, mutuals etc
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Sarah
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by Sarah » Thu Jun 16 2022 1:28pm
In a country that gambled on making bitcoin legal tender, their treasury is buying the dips...
The country's 2,300 bitcoins are now worth half what the government paid for them, but the finance minister has brushed off criticism, saying there is "extremely minimal fiscal risk".
https://www.bbc.co.uk/news/technology-61813845
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planteria
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by planteria » Mon Jun 20 2022 8:54pm
Bukele's tweet was back on 9th May, and the price has dipped further since then..
but regardless, they're right to average down i suspect. and time will tell.
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pabenny
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by pabenny » Tue Jun 21 2022 6:12am
Chadwick wrote: ↑Wed Jun 15 2022 12:49pm
So Bitcoin is basically people swapping usable cash for something that doesn't really exist?
...
It still sounds like the emperor's new clothes to me.
Yup
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macliam
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by macliam » Tue Jun 21 2022 9:15am
At least with magic beans you get a bean........
Just because I'm paranoid, it doesn't mean they're not out to get me
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