Indeed. He was elected to fight for America and American interests. The U.S Dollar remaining on top is ultimately in the best interest of America as a whole. Regardless of the moral alignments of the factions feuding for control of the United States.
That and I think there were a lot of people who convinced themselves they’d be able to become the new “Wealthy Elite” based off their crypto investments. If Crypto replaces conventional currency. And the U.S Dollar, and other currencies remaining viable internationally would ultimately threaten that.
Technically, he could collateralize the BTC holdings, and certain service providers will buy BTC with it, instantly doubling your holding based on a loan at the then applicable btc price.
So, say for instance, that @60,000 he would have done this scheme with 500 BTC. Instantly the El Salvadorian holding jumps to 1,000. The loan equals 60,000 * 500 = 30,000,000 at an Loan to value of 50%. However, now that the value of BTC has risen to 100,000, meaning 40,000 more, the total value has become 1,000 * 100,000 = 100,000,000 and a loan to value of 30%
This means he now created space to fund programs that yield profit to pay the initial debt.
Also, the debt substitution is interesting: The loan in Dollars then, can be used to repay the initial debt on day 365. Also the online APR may be 14%. Swapping it for an IMF loan may be decreasing the APR to 6 or less, depending on the risk of the underlying assets. At 30% ltv, that would be acceptable. It means that the costs decrease, while financial room is created to do other things.
One of the ways in which that can be done is, infrastructure or being the guarantor for investments.
Financing is an interesting subject, containing a lot of moving parts. The art of financing is in creating the situation that the lender is dependent on you, not the other way around.
This is expressed in the words: if you loan 10, it is your problem. You loan a billion, the bank has a problem.
This got two sides: The ability to post collateral post the establishment of a loan, and second: the ability to repay. Both these fields need to be controlled by the loan-taker, not the loan-giver. After all, there is what a man can and cannot do.
It seems that Bukele and Trump, but also Milei quite well comprehend how this works.
So, a redress is not something to be worried about, especially, since the article lauds the fact that the IMF is moving away from its resistance against BTC. It is quite obvious they still have a hard time understanding BTC, so all they have is their old world/old system analysis and projections ...
It can mean they, the IMF, hopes to in the future get EL Salvador under control, by buying their time now, and striking later. These Vulture never lose their tricks despite maybe having different stripes.
Trump threatened everyone when he threatened brics
He has made it clear that the American dollar will remain on top. Crypto will be a parallel currency, not a replacement.
Indeed. He was elected to fight for America and American interests. The U.S Dollar remaining on top is ultimately in the best interest of America as a whole. Regardless of the moral alignments of the factions feuding for control of the United States.
That and I think there were a lot of people who convinced themselves they’d be able to become the new “Wealthy Elite” based off their crypto investments. If Crypto replaces conventional currency. And the U.S Dollar, and other currencies remaining viable internationally would ultimately threaten that.
Did he sell out?
Technically, he could collateralize the BTC holdings, and certain service providers will buy BTC with it, instantly doubling your holding based on a loan at the then applicable btc price.
So, say for instance, that @60,000 he would have done this scheme with 500 BTC. Instantly the El Salvadorian holding jumps to 1,000. The loan equals 60,000 * 500 = 30,000,000 at an Loan to value of 50%. However, now that the value of BTC has risen to 100,000, meaning 40,000 more, the total value has become 1,000 * 100,000 = 100,000,000 and a loan to value of 30%
This means he now created space to fund programs that yield profit to pay the initial debt.
Also, the debt substitution is interesting: The loan in Dollars then, can be used to repay the initial debt on day 365. Also the online APR may be 14%. Swapping it for an IMF loan may be decreasing the APR to 6 or less, depending on the risk of the underlying assets. At 30% ltv, that would be acceptable. It means that the costs decrease, while financial room is created to do other things.
One of the ways in which that can be done is, infrastructure or being the guarantor for investments.
Financing is an interesting subject, containing a lot of moving parts. The art of financing is in creating the situation that the lender is dependent on you, not the other way around.
This is expressed in the words: if you loan 10, it is your problem. You loan a billion, the bank has a problem.
This got two sides: The ability to post collateral post the establishment of a loan, and second: the ability to repay. Both these fields need to be controlled by the loan-taker, not the loan-giver. After all, there is what a man can and cannot do.
It seems that Bukele and Trump, but also Milei quite well comprehend how this works.
So, a redress is not something to be worried about, especially, since the article lauds the fact that the IMF is moving away from its resistance against BTC. It is quite obvious they still have a hard time understanding BTC, so all they have is their old world/old system analysis and projections ...
It can mean they, the IMF, hopes to in the future get EL Salvador under control, by buying their time now, and striking later. These Vulture never lose their tricks despite maybe having different stripes.
Excellent analysis, it solidified my thoughts. Thanks for the input.
He’s doing the microstrategy money glitch
*spelled bukkake wrong...
I always smelled a fake. All he did to fix crime was send the criminals here to plunder us and you all sucking his D in praise. He’s a Muslim.