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Think like Bukele.

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@fabian98
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Hello everyone...

Buying on the fall of the market can be compared to leaping faith, as this is an act where you don't know if you will lose all or part of the investment, plus it is dealing with FOMO and FUD that spreads by the ton everywhere you look. But besides the fear it can generate, buying on the downside can be a very beneficial thing, as I said in my last post there are many benefits to incur when there is a bearish cycle.

But a few years ago it was not thought so and the main problem is that the market was not mature enough and there was no unprecedented crisis on people, instead, now it is easier to find people willing to buy when prices go down and hold on when they go up again. The perfect example of this is the government administration of El Salvador, where they have recently announced that they have bought at yesterday's fall.

The president of El Salvador, the first nation in the world to adopt bitcoin as legal tender, has announced that during the $58K bitcoin price drop they have added 420 BTC to the country's reserves. This was applauded by many bitcoin enthusiasts and advocates such as Michael Saylor among others. And if we look at the current price, the savior's earnings exceed $800K for that purchase, These 420, added to the previous 700, leave the Savior with 1120 bitcoins in his reserve.

SOURCE

Why is this important?

Because we are seeing a higher level of financial education because we are teaching the citizens of El Salvador that buying when the price falls has its advantages because if we buy the profit that El Salvador currently has for 1120 that it owns, it will earn the $10M. Also, with the runaway inflation that is coming which will weaken the world's most powerful currency and major traditional economies, it is vitally important to follow Michael Saylor's advice and hold money in crypto, as it is out of reach of inflation.

So think smart, think like Bukele and buy crypto.

Not financial advice

Posted Using LeoFinance Beta