EL SALVADOR has 6,077 Bitcoin.
6 million people.
ABU DHABI has 4,599 Bitcoin.
3.9 million people.
So even though Abu Dhabi has a much smaller population than El Salvador, they have caught up in terms of Bitcoin stack (in fact surpassed).
BUT... Abu Dhabi owns their Bitcoin via
Despite merchants in El Salvador being required to accept #Bitcoin, only 24.4% of Salvadorans had engaged in a single Bitcoin transaction in 2022. By Sept. of this year, the percentage had declined to just 7.5%. By next year merchants will no longer be required to accept Bitcoin.
Bitcoin was at $6 when Coinbase started in 2012.
Their 9,000 bitcoin could have been acquired for $54k TOTAL.
How can one company fumble the greatest opportunity of a lifetime so hard and not stack more?
MSTR entered 8 years later, but now has 56X more Bitcoin than Coinbase.
MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin. As of 6/20/24, $MSTR hodls 226,331 $BTC acquired for ~$8.33B at average price of $36,798 per bitcoin.microstrategy.com/press/microstr…
🚨IS NOW A GOOD TIME TO BUY BITCOIN?
Here's the definitive answer
in just 570 floating seconds
with palm trees and music.
Bookmark and share with pre-coiners who will never stop asking this question.
The very FIRST words
of Satoshi's white paper:
"Bitcoin: A Peer-to-Peer..."
@NSmolenski delivers a simple yet profound talk on the importance of these 5 words at The Bitcoin Policy Summit in DC (@bitcoinpolicy) 🔥
This is BULLISH for Bitcoin!
Historically, when the emotionally-challenged tourists who don't understand Bitcoin have driven this index down into the FEAR ZONE (below 25), we've followed up with a massive surge in price.
And now we sit at "10"... an even LOWER score than when