Nayib Bukele announced through his Twitter, on November 17, that the State would begin to acquire 1 BTC per day, taking advantage of the bear market and the prices of the largest cryptoactive of all.

The Caribbean country had last bought bitcoin in June 2022, before stopping. The Treasury of El Salvador has 2,381 bitcoins in its possession, purchased at an average price of $43,357, approximately 170% above the current price, causing approximately 62% loss to the Salvadoran treasury.

Buying 1 btc per day at these prices can be a great strategy to average the purchase prices, and therefore the losses of previous purchases, with a well-known and very simple yet effective strategy: the DCA.

The Dollar Cost Average consists of buying the same amount of a certain asset on a regular basis, regardless of its value. In this way, in bearish markets, our average price will be lower and lower and we do not risk wanting to estimate the times of the rises and falls of the market, which is extremely difficult.

If we had bought 1 BTC per day from the beginning of the year to November 21, we would have a total of 325 bitcoins and our purchase price for each one would be $25,594, a total investment of $8,318,050.

This is undoubtedly a higher purchase price than the current one of $15,970, and it means a loss of 37.55%, but this price is much lower than the January 1 price of $47,686. If on that date we had wanted to buy our 325 bitcoins, our investment would be $15,497,950, almost double the case and our loss would be 66%.

With these two situations we can see that the DCA is one of the best strategies to apply in moments of uncertainty and bear markets. This makes us think that Bukele can assume that the bear market in cryptocurrencies seems to continue.

What do you think about Bukele's strategy? Would you buy a bitcoin per day? Do you use the DCA strategy to make your purchases?