El Salvador Joins the 6,000 Bitcoin Club

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El Salvador has surpassed 6,000 Bitcoin as part of its strategic reserve. This has an estimated value of near $570 million.

In this video I discuss how this is going to spread to other countries. There are presently 6 countries with over 6K in BITC, although many were acquired via confiscation.

Here is the link to the article mentioned in the video.

https://bitcoinist.com/6000-bitcoin-and-counting-inside-el-salvadors-569-million-btc-strategy/


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Not only could the put it up as collateral for future loans, but they can use it to calm the population if inflation gets out of control.

For example, they could use the bitcoin to subsidize things like food, gas, and shelter for the people, as other countries struggle with social unrest.

Those were the days!

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