Nayib's DCA Diary: El Salvador Quietly Nudges Past 7,600 BTC
El Salvador just hit another milestone in its Bitcoin journey. The country now holds over 7,600 $BTC, with the total sitting at around 7,606 $BTC—worth more than $500 million. That's roughly 1.2 million satoshis per Salvadoran, if you're keeping score at home.
What's interesting is the pace. Instead of large one-time buys, El Salvador keeps adding small amounts. In the past week alone, it added 8 $BTC. For context, that's about what a degen blows on a bad leverage trade during a Tuesday night panic. But for a nation-state? It's basically DCA content for the ages.
This slow and steady approach has become its signature move. Since adopting $BTC in 2021, the country has stayed committed. Even when markets get bumpy, it keeps buying. Long-term belief over short-term trading? Apparently yes. The man really said "time in the market > timing the market" and meant it at a national level.
A Boring (But Effective?) Strategy
El Salvador doesn't rush its purchases. Instead, it follows a simple plan: buy a little at a time. This method helps reduce risk from price swings. Over time, these small buys add up. Week after week, the reserve keeps growing. It's the financial equivalent of those people who walk everywhere because they believe in the step count. Technically correct? Yes. Exciting? Absolutely not. Effective? We'll see in ten years.
While 8 $BTC might seem small, consistency matters here. The strategy also avoids market panic. Big buys can move prices quickly, but smaller daily purchases keep things stable. With this approach, El Salvador has built one of the largest national $BTC reserves in the world. Meanwhile, other countries are still in the "we're monitoring the situation" phase—translation: watching from the sidelines while eating popcorn.
Still Dividing Opinion
The move hasn't been without pushback. Some global groups, including the IMF, have raised concerns about risk and price volatility. The IMF really said "have you considered NOT gambling with taxpayer money?" and El Salvador basically responded with "nah, we're good." But the government has stayed firm.
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