The government, she assured, will continue buying bitcoin and having reserves in this cryptocurrency. According to the National Bitcoin Office, El Salvador has 6,050 bitcoins worth $634.8 million. “President Bukele continues buying bitcoin, we have a Bitcoin Office, we have the Bitcoin Law, bitcoin can be used in El Salvador.

They're going to have the US by the balls like Saudi Arabia when bitcoin crosses $1mm/coin

[–] bennieandthez@lemmygrad.ml 2 points 21 hours ago (1 children)

how do you even liquidate that?

[–] jagged_circle@feddit.nl 1 points 19 hours ago (1 children)

You mean if its worth hundreds of millions or trillions?

[–] bennieandthez@lemmygrad.ml 2 points 14 hours ago* (last edited 14 hours ago) (1 children)

Yes, even a relatively small quantity like 100k?

[–] jagged_circle@feddit.nl 1 points 10 hours ago (1 children)

That's easy. Ive sold that much. Just do it on an exchange. Get over a million and you do it OTC.

[–] bennieandthez@lemmygrad.ml 1 points 4 hours ago (1 children)

What is OTC?

[–] jagged_circle@feddit.nl 1 points 47 minutes ago

Over the counter. Big exchanges offer this. Basically p2p with escrow.

Its done off exchange (though usually the same price). To prevent the trade from changing the market.