A country that keeps buying Bitcoin without looking at the price has made $200 million
On October 17, El Salvador added another Bitcoin to its reserves
Its holdings officially topped 7,800, reaching 7,807 BTC
The numbers are easy to work out
Total cost: about $435 million, at an average price of $55,700
At the current BTC price of $82,000, its holdings are worth $641 million
Unrealized profit: $206 million, a return of +47%
The point isn’t how much it has made, but how it bought
Starting March 16, 2024, it bought 1 BTC every day without missing a day
It bought at $70,000 and kept buying at $100,000
It doesn’t watch the charts or the mood of the market
But there’s one detail
The IMF’s October report says these additional purchases were funded by private donations
Many people think the government is buying the dip, but in fact, others are buying on its behalf
My take
El Salvador’s value isn’t in the amount it holds, but in proving that “discipline is worth more than timing the market”
At 7,777 BTC, its unrealized profit was $162 million; now, at 7,807 BTC, it’s $206 million
That extra $44 million didn’t come from timing the market—it came from staying in the market
But don’t put it on a pedestal
The risk is its relationship with the IMF, which keeps going back and forth
If it’s ever forced to sell, that would be a narrative-level blow
A direct takeaway for retail investors
You don’t need to buy 1 BTC every day
But you do need a rule you’ll follow “without looking at the price”
An account that chases rallies and sells off in downturns won’t outperform one that invests a fixed amount every day without checking the charts
BTC is at $82,000 now—don’t chase the price
A pullback to $80,000 and $78,500 would find short-term support
An average cost of $55,700 is one of the long-term advantages
A country has been betting for five years and is still adding to its position 👀
$BTC
#萨尔瓦多比特币持仓突破7800枚 #比特币 #BTC
On October 17, El Salvador added another Bitcoin to its reserves
Its holdings officially topped 7,800, reaching 7,807 BTC
The numbers are easy to work out
Total cost: about $435 million, at an average price of $55,700
At the current BTC price of $82,000, its holdings are worth $641 million
Unrealized profit: $206 million, a return of +47%
The point isn’t how much it has made, but how it bought
Starting March 16, 2024, it bought 1 BTC every day without missing a day
It bought at $70,000 and kept buying at $100,000
It doesn’t watch the charts or the mood of the market
But there’s one detail
The IMF’s October report says these additional purchases were funded by private donations
Many people think the government is buying the dip, but in fact, others are buying on its behalf
My take
El Salvador’s value isn’t in the amount it holds, but in proving that “discipline is worth more than timing the market”
At 7,777 BTC, its unrealized profit was $162 million; now, at 7,807 BTC, it’s $206 million
That extra $44 million didn’t come from timing the market—it came from staying in the market
But don’t put it on a pedestal
The risk is its relationship with the IMF, which keeps going back and forth
If it’s ever forced to sell, that would be a narrative-level blow
A direct takeaway for retail investors
You don’t need to buy 1 BTC every day
But you do need a rule you’ll follow “without looking at the price”
An account that chases rallies and sells off in downturns won’t outperform one that invests a fixed amount every day without checking the charts
BTC is at $82,000 now—don’t chase the price
A pullback to $80,000 and $78,500 would find short-term support
An average cost of $55,700 is one of the long-term advantages
A country has been betting for five years and is still adding to its position 👀
$BTC
#萨尔瓦多比特币持仓突破7800枚 #比特币 #BTC