The numbers: Here's how El Salvador is doing. How much they have. How much they gained. The strategy they used. How they would have done with different strategies. And the lesson this provides for DCA.

In 2021, El Salvador's President (*cough* dictator *cough*) started to buy bags of Bitcoin. He did it in several seemingly random buys that he announced on Twitter.

Starting in September with two batches of 200 coins.

Then about 8 batches at random times between September 2021 and November 2022. Each batch between 20-500 Bitcoin with no rhyme or reason in the amount or timing.

But then on November 17, 2022, he finally decided to DCA properly and simply buy 1 Bitcoin a day.

The numbers:

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• The average acquisition cost was about 42.6K per Bitcoin.
• It cost El Salvador about $129.9 M to acquire their 2,862 BTC.
• Today, those 2,862 Bitcoin are worth $203M.
• That's $73M in unrealized gains in 2.5 years.
• That's about 56% in portfolio gains.
• Bitcoin is currently up 458% from its bear market lowest dip in 2022.
• El Salvador bought their Bitcoins unevenly with a bigger concentration in 2021 and early 2022.
• If El Salvador had bough everything at once on their first day, they would be up by a little less, about 50% instead of 56%.
• If they had properly DCA'd equally every month, the average acquisition cost would have been $31,500 instead of $42,600.
• If they had DCA'd equally every month, they would have been up about 79% instead of 56%.
• If Bitcoin were to hit $100K, their portfolio would be worth $286M.

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Source of Data: Nayibtracker.com

Calculations: me