The President of El Salvador, Nayib Bukele, has confirmed that he has a bitcoin strategy, stating that his country has no intention of selling its bitcoin. He emphasized that "At the end of the day, 1 BTC = 1 BTC," regardless of changes in the market price. Bukele also pointed out that at high bitcoin prices, the sale would generate a profit of over 40%, but the country's main source of BTC is the bitcoin citizenship program.
Bukele noted that many articles in the past have predicted losses from BTC investments, but the authors are now silent. Many have praised his strong stance on bitcoin, although critics, such as Peter Schiff, have called for realizing gains before talking about it. Bukele, however, remains steadfast.
The Salvadoran government plans to issue bitcoin-backed bonds and continue building Bitcoin City. The IMF has called for BTC to be abandoned as legal tender, but El Salvador remains committed to bitcoin.
The analogy of herbivores and predators points to the difference in approach to the market. A predator has a strategy, whereas herbivores are exposed to danger and cannot strategize because of the need to search for food on a daily basis. Herbivores that survive maintain a population for predators. As a result, many following the temptation of instant profit may be duped by marketers and manipulators, missing the opportunity for long-term benefits.
Strategists did not take profit on their $64K BTC position yesterday and today. This was done by herbivores. Since they need to eat every day.
But eventually, they will be eaten by marketers, manipulators, scammers and other hyenas before bitcoin reaches $200,000. The predator feeds solely on meat, the herbivores feed on whatever they find, including bitcoins and HYIPs.