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submitted 8 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 7 points 8 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?