"El Salvador's President Nayib Bukele is doubling down on his bet on cryptocurrencies, despite a brutal selloff in the market over the past months. The government bought 80 Bitcoins on Thursday at the cost of $19,000 each, according to a tweet from Bukele."

July 1, 2022

Reply to this note

Please Login to reply.

Discussion

I’m not great at maths but that’s at least 2x in less than 18 months.

On the other hand it feels like the US interest on debt has 2xed in the same time period