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submitted 7 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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El Salvador will continue buying 1 Bitcoin daily until it becomes unaffordable with fiat currencies
President Bukele's statement highlights commitment to cryptocurrency adoption
Move demonstrates belief in Bitcoin's long-term value and potential as a global currency alternative.

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[-] deegeese@sopuli.xyz 10 points 7 months ago

It has zero purpose as currency support, but makes great sense for money laundering. Whose wallet do you think those bitcoins will end up in?

this post was submitted on 18 Mar 2024

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