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by a1371 503 days ago
Imagine you have 6,050 bitcoins but they didn't work out for you the way that you hoped. The most reasonable thing to do is to still advertise a bullish position because otherwise you are devaluing your own asset.

There is a strong sentiment around bitcoin in El Salvador and it can make them money; but the experiment around it being a legal tender, well, failed.

2 comments

They only doubled and tripled in value. Gotta wonder what you think they expected
It to be a viable currency? Not a speculative asset?
That’s called a rug pull IRL.