JudgeHardcase on Nostr: ...
quoting nevent1q…xq0pI'm curious if El Salvador's Bitcoin Office "piggy bank" doesn't nearly represent all - or even most - of the BTC El Salvador has already acquired (presumably, mostly through their mining operation). After all, Bhutan has reportedly managed to mine way more than 6100 BTC over the past few years.
What if Bukele's plan is to slowly transfer what could easily be 1000s of BTC proceeds from their past mining operations to their public address; and, continue to call it their "daily purchase" (making him a hero figure by appearing to defy the IMF; while in actuality, complying to their terms for the loan)? What if that's effectively all he's been doing all along anyway?
Of course, this is only a hypothesis; but, I haven't seen the evidence that would falsify it. To the contrary, even Bukele's original announcement of the publicly disclosed "piggy bank" characterized it as only "a big chunk" of their holdings.