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They don't buy on the open market like a normal person would. They buy from Coinbase or other large exchanges off market. Much like how large stock deals are do
by impulser_ 4y ago
They don't buy on the open market like a normal person would. They buy from Coinbase or other large exchanges off market. Much like how large stock deals are done.
- duskwuff 4y ago> They don't buy on the open market like a normal person would. They buy from Coinbase or other large exchanges off market. If they were being responsible about it (or, at least, as responsible as any government speculating in cryptocurrency could be), they would. But, according to Bukele himself [1], these purchases are made from an app on Bukele's personal mobile phone. I wouldn't be surprised at all if they were buying through an over-the-counter exchange. [1]: https://twitter.com/nayibbukele/status/1467333081505976323 https://twitter.com/nayibbukele/status/1467333081505976323
- mike00632 4y agoThe government of a sovereign nation is expending its treasury all through one person's cell phone?! Wild times we live in.
- duskwuff 4y agoYep. I don't think there's any good-faith argument that this is a responsible or appropriate approach to state-level investment. It's madness.
- TrapLord_Rhodo 4y agoC'mon. That tweet is halarious. It's a joke. I know people aren't expecting that nowadays from heads of state, but it's the norm now. He's just trying to fit in with Elon.